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Lloyds TSB a good investment, expert claims
Fri, 08 Aug 2008
Banks may seem an unwise investment to some consumers, but according to one expert Lloyds TSB is currently the stock of choice.

Angus Rigby, chief executive officer of investment firm TD Waterhouse, explained that the bank has recently announced "encouraging" interim results, despite the current economic downturn.

He said: "Last week I noted that analysts have been split as to whether Lloyds TSB's investment strategy has been spot-on with its cautious approach to buy-to-let mortgages and asset-backed securities, or whether this would lead to them falling behind other banks in the future."

This argument now seems to have been resolved, with the firm's shares representing 34 per cent of TD Waterhouse customers' top-ten buys in the last week, he added.

Yesterday, Christian Deseglise, global head of emerging markets at HSBC Global Asset Management, claimed that high levels of domestic consumption and investment will mean that China remains a good investment prospect in the long term.
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