Bargain investments on offer in coming year

Thu, 27 Mar 2008

The coming year could present a good opportunity for anyone who wishes to widen their portfolio of investments, one expert has claimed.

Richard Moore, manager of the Santander UK Growth Fund, explained that while the year will see a downturn in the US economy, the UK is better placed to ride out the credit crunch and because of this people may be able to snap up bargain investments.

He said: "I believe that markets valuations are beginning to discount the worst of the downturn and the expected cuts in interest rates over the coming months will start to flow through to the economy by the end of 2008 and I remain positive about the opportunities to buy undervalued stocks throughout the year."

Mr Moore added that as food inflation "is here to stay" supermarkets represent a good investment as food retailers benefit from increased prices.

Oil and power companies looking to expand could also offer people a good return on their investment, he concluded.

Yesterday, Invesco Perpetual claimed that anyone making long-term investments in the stock market should make money, despite the current volatility.
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