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.
