Moneyspider in the News
15/03/2008
Investors should look beyond UK shares
Birmingham Post
Tony Ahearne at moneyspider.com thinks
investors should look beyond UK shares.
'Virtually every asset class is suffering
from the aftershock of the sub-prime collapse and subsequent credit
crunch,' he says, 'but several areas could surprise on the upside
in months ahead, albeit none for the faint-hearted.'
'Asset-rich Russia, through funds such
as Neptune Russia and Greater Russia, are attractive options because
they are largely insulated from economic problems in the West. Gold,
which despite corrections, must surely soon reach pounds 1,000 an ounce,
also looks attractive as faith in the dollar and other asset classes
continues to dwindle.'
Gold fans swear by the superb Merrill
Lynch Gold & General, a pounds 1.4 billion fund, which has quadrupled
since 2,000.
Mr Ahearne also thinks funds focusing
on Africa might be worth a look; more than pounds 50 million has gone
New Star Heart of Africa Fund since November, 35 per cent of that invested
in Nigeria. The unit price is 10 per cent up on the launch price. Hargreaves
Lansdown also likes BlackRock UK Absolute Alpha.
|
