Prudential have issued a release that they expect the UK stockmarket to acheive 8% pa over the longer term despite short term hiccups and the economy being subdued.
Our View
This is not surprising given that intrinsic value in the UK stockmarket is still actually undervalued when compared to others. Many larger investment houses are now moving into a more bullish phase and starting to move a greater allocation of their investsments into the stockmarket.
Watch this space though - it will still be a rocky road.