By SAM DUNN
Could it be time for retail investors to return to the US?
After the credit crunch and global slowdown knocked the stuffing out of the world’s biggest economy, savers seeking higher returns shunned North America.
Many pulled out or suffered falls as house prices sagged and jobs vanished, with Wall Street and the country’s manufacturing taking a pounding.
With little prospect of a bright immediate future, there was scant reason for ordinary investors to back a US recovery any time soon.
Darius McDermott, managing director of discount fund broker Chelsea Financial Services, says: ‘Understandably, most retail investors have been underweight in the US. Our clients typically have just under 5pc of their overall portfolio in this part of the world.’
But, after a series of false starts, a slew of upbeat updates look to have wrong-footed gloomy pollsters, and suggests America could once again reap dividends for investors.