Over half of UK advisers recommend investing in US equities over emerging markets and Europe, according to a poll from JPMorgan Asset Management. The manager is launching the first US equity income product available to UK investors, off the back of strong demand from wealth managers.

The bank said "with US valuations at their most attractive since the 1970's, JP Morgan Asset Management is confident that when global markets do recover, it will once again be the US that leads the recovery".