Fund manager predicts more difficult year for investments

Tue, 16 Jan 2007

The manager of a high-performing fund has professed his belief that strong returns on investments will be harder to come by over the course of 2007.

Andy Brough, who is manager of the UK Mid 250 fund from investments specialist Schroder, made the prediction when asked about what the future holds for the investments sector.

And Mr Brough has suggested that some of the best growth prospects for investments in the next 12 months will be those in private finance initiative projects and the renovation of infrastructural frameworks across the UK.

However, he also issued a warning to investments specialists for 2007.

"The market had a very good run in 2006…by contrast, it is going to be harder to make money in 2007," he remarked.

"Inflation is still a problem and as interest rates rise, things are likely to get tougher for companies and consumers."

Earlier today, it was confirmed that inflation in December 2006, as recorded by the consumer prices index, had risen to three per cent.

This marks the highest level of inflation since the Bank of England gained independence in 1997 in news that may concern many banking customers.

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