Slow rotation into equities to continue in 2014 - LGIM

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The great rotation into equities will continue at a gradual pace in 2014 following a strong performance by the asset class this year, according to Legal and General Investment Management (LGIM).

Head of economics Tim Drayson expects to see a shift from multiple expansion into a more mature bull market driven by earnings. He said: "With the vivid memory of more than a decade of seemingly...

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