Investments in credit and emerging markets are a "shining light in gloomy economic times", it has been claimed.
According to Keith Speck, head of multi-manager at Santander Asset Management UK, the two areas are just about the only ones that will offer people an above inflation return on their investment .
He explained that the spread on investment grade credit means that the area makes for "interesting" medium to long-term investment opportunities.
Overseas, Mr Speck suggested that people might want to consider investments in larger companies.
He said: "We favour positions in large-cap defensive stocks, which benefit from an increased international presence.
"Multi-national stocks offer exposure to above average growth [in] emerging markets, which are better positioned to weather the global economic environment."
Yesterday, investment firm James Hay launched its Selected UK Banking Plan fund, which offers investors the chance to profit from any turn around in the fortunes of four of the UK's major banks .
According to the company, the account offers a potential return of 13 per cent a year.




