The Traderszone Network

Published in TZ Latest News 8 May, 2015 by The TZ Newswire Staff

‘A Cry For Growth’: U.K. ETFs Spike On Cameron Win

Exchange traded funds tracking U.K. equities surged Friday, a day after voters embraced incumbent Prime Minister David Cameron at the polls. The Conservative Party’s surprisingly robust victory was “a cry for policies that are pro-growth,” said Nick Kalivas, senior equity product strategist for ETF provider Invesco PowerShares. Cameron has pledged tax cuts and is expected to institute fiscal consolidation measures.

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