Vantage Point: Achieving Diversification  

Are equities cheap right now?

Jane is quite positive on the prospects for the large-cap technology stocks in the US, believing that at current valuation levels they represent decent investments as long as they can grow earnings in line with nominal GDP in the US, but says he finds better value in other markets, including in US smaller company shares, and in European and Japanese equities. 

David Thorpe is investment editor at FT Adviser

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