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A CAUTIONARY TALE

Despite strong rises in equity markets to date in 2017, taking a more defensive stance in the UK could prove the best route to strong long-term returns

OVERVIEW

Markets have risen convincingly so far this year and, as has not been the case in previous years, sufficiently strong earnings growth is coming through to keep multiples stable. Comforting, yes, but we do wonder how long this earnings per share (EPS) spurt can persist.

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