From The Telegraph:
At the start of the week there was finally some good news for stock market investors, when the US Government announced the all-but nationalisation of mortgage finance companies Fannie Mae and Freddie Mac.
For those who want to embrace risk and possibly benefit from this rally, Gilligan suggests buying an exchange traded fund such as the DB X-Trackers DJ Stoxx 600 Banks, run by Deutsche Bank.
Not everyone is optimistic that the market rally is a sign of better things ahead. Andy Parsons, Advice and Fund Team Manager at the Share Centre, said the market “is going to be rough for some time”.
When asked what fund he would choose in the current market, he replied ‘cash’. “It is hard to see an upside at the moment, and quite easy to see a downside” he said….
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