Alan Steel
01506 842365
MENU
  • Home
  • About Us
    • Close
    • About Us
    • What We Do
      • Close
      • What We Do
      • Our Services
      • Our Philosophy
      • Our Awards
      • Our Reputation
    • Who We Are
      • Close
      • Who We Are
      • Meet the team
    • Our Approach
    • Financial Planning
  • Testimonials
  • Investments
    • Close
    • Investments
    • Investment Advice
    • Portfolio Building
  • Pensions
    • Close
    • Pensions
    • Retirement Planning
    • Early Retirement
    • Pensions as simple as...
  • Tax
    • Close
    • Tax
    • Tax Advice
    • Tax Planning
    • When I'm Dead and Gone
    • Inheritance Tax
    • HMRC Digital Accounts
  • Insights & Media
    • Close
    • Insights & Media
    • Letters from Linlithgow
    • Informing You
    • Letter from America
    • See us in the Press
    • Master Investor
    • Points of Few
  • Contact Us
Independent financial advisers founded in 1975
Over £1.4 billion client funds under management
17 industry awards for advice since 1989

Investment News

American dream scenario

Monday, 12 November, 2012

By Jeff Salway

Scotland on Sunday

Sunday 11 November 2012

Stock markets took a tumble in the immediate wake of the election, but Obama's victory could yet be positive for UK savers.

An Obama victory is just what UK investors needed, says Jeff Salway

BARACK Obama's US election triumph will prove a timely shot in the arm for UK investors and pension savers, experts have predicted.

Stock markets took a tumble in the immediate wake of the election as global investors measured the scale of the challenge ahead. But advisers and fund managers are eager to reassure private investors and pension savers that the outlook for the US market is a positive one.

And millions of people in the UK have a stake in what happens next to the US economy and markets - whether they know it or not.

UK investors don't have the same level of direct interest in the US as in days gone by; just 4 per cent of the average investor's portfolio is held in US shares and funds, according to Chelsea Financial Services. But UK pension fund ownership of US equities and the billions that investors hold in global investment funds and trusts - which typically have a US weighting of more than 40 per cent - mean any events across the pond will cause more than a ripple effect here. ......

...... The good news for investors is that provided the fiscal cliff doomsday scenario is avoided, the US economy could be set for a boom period, believes Alan Steel, chairman of Alan Steel Asset Management.

"The big picture is the oil and gas discoveries in Dakota, Montana and Texas that will be a game changer for the US economy and the rest of the world," he said.

"The US will become an ­exporter of energy, costs are falling rapidly, profits are rising, unemployment will fall, incomes will rise, jobs and businesses are relocating to the US and manufacturing is being reborn."

The US boom that Steel ­expects over the coming years presents an opportunity for UK investors to get more exposure to the US and the global businesses most likely to benefit from it.

"The funds worth buying are those growth funds that have struggled over the last 12 months, when safety first has been the approach." ......

Quote courtesy of Scotland on Sunday

Sunday 11 November 2012

©2023 Alan Steel Asset Management Limited is authorised & regulated by The Financial Conduct Authority. Please note that the Financial Conduct Authority does not regulate some forms of tax advice. Company Registration: SC58014

You should remember that the value of an investment and the income from it could go down as well as up. The return at the end of the investment period is not guaranteed and you may get back less than you originally invested.

The investment services and/or investments referred to in this website may not be suitable for you. If you are unsure we suggest you contact us to discuss matters further. If we believe our services are not right for you we will tell you.

When investing money, whether for income or growth, you are placing your capital at risk as the value of investments may vary, so you could get back less than you started with.

The Financial Conduct Authority does not regulate Tax Advice, Trusts or wills. Alan Steel Asset Management Limited is authorised and regulated by the Financial Conduct Authority. The guidance contained in this website is subject to the regulatory regime of the UK.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients.

FOS details can be found at www.financial-ombudsman.org.uk

Alan Steel Asset Management Limited are not responsible for the content of external sites.

  • Cookie Policy
  • Privacy Policy
  • Website terms and conditions
  • Tax Services Privacy Notice
  • Contact Us

This site uses cookies. By using this site you agree to the use of cookies. Read our Cookie Policy