Fund managers to hit the road to give predictions for year ahead

TOP fund managers from highly respected companies will be joining forces at the Alpha Generators roadshow, taking place for the fourth time this year.

The series of half-day presentations and question-and-answer sessions will visit nine locations across the UK, including Rudding Park in Harrogate on Tuesday, January 29.

Among those taking part is Mike Turner, head of global strategy at Aberdeen Asset Management.

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Giving his outlook for the year, he said: “The search for yield last year (2012) was very defensive and we expect this trend to shift. Ultimately, global growth is unlikely to be negative in 2013.

“We therefore feel that regions and assets with higher growth potential and yield may well perform better than defensive markets. However, as investors begin to scrutinise policy makers more closely, the risk of implementation error or of induced uncertainty from any political dallying is acute.”

He will be joined by Malcolm Smith, managing director and chief product strategist at BlackRock Natural Resources, who said: “Monetary stimulus in its various forms is typically good for commodities, at least in the short term. The investment case for gold looks robust, supported by the open-ended nature of the latest round of monetary easing and recent government actions indicating that real interest rates are likely to remain negative in 2013, heightening the risk of inflation.”

Also taking part will be Gary Potter and Robert Burdett, co-heads of F&C Investments’ multi-manager team, along with Philip Fielding, portfolio manager of the First State Emerging Markets Bond Fund, who will examine some of the reasons for optimism towards emerging debt markets.

Alan Porter, manager of the Martin Currie Global Equity Income Fund, and Mark Martin, fund manager of the Neptune UK Mid-Cap Fund, will both be appearing, and both said there were reasons to be positive when looking ahead to 2013. Mr Porter said the relative yields of equities would continue to be attractive, while Mr Martin said the FTSE 250 offered appealing investment opportunities.

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