Blue-chip investments the place to be, experts say

Tue, 15 Apr 2008

Blue-chip shares are currently the key investment for those looking to avoid the impact of the credit crunch, one expert has claimed.

According to Ralph Brook-Fox, investment manager for Resolution Asset Management, the safest investments will be those that focus on companies with high overseas earnings and potential for growth.

He said: "We believe we need to be blue-chip and global at the moment in terms of where we are seeking ideas for the portfolio, even if it can appear a little boring. We will only consider domestic midcap stocks when there is evidence that UK consumers are taking the challenging economic outlook on board."

Mr Brook-Fox explained that once this happens and consumer spending starts to fall, then domestic FTSE Mid 250 stocks will offer some good investment opportunities.

Yesterday, Mike Hanbury-Williams, manager of investment firm F&C, claimed that China-based investments have the potential for long-term growth.

He said that, despite short-term worries over inflation, investments in the country should prosper.
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UK Investments - Financial, Property & Other Investments - 1998-2008

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