It's time to buy back into Britain

Investment: It's time to buy back into Britain - at Moneyweek.co.uk - the best of the week's international financial media.

A professional investor tells MoneyWeek where he'd put his money now. This week: Alan Hardy, head of investments, Lloyds TSB Private Banking.

After more than three years of troubled waters, 2003 saw UK equities finally buoyed by renewed confidence in the British economy. It was a very good year for small company stocks - often a good indicator of the course the economy is likely to steer next. With that in mind, it makes sense to me that 2004 will see the domestic stockmarket continuing to ride high. This year, however, I think that big blue- chip stocks will take the helm as institutional investors shift out of bonds and into equities. The first to benefit from this change are usually big, marketable blue chips, mainly because they offer good liquidity and have plenty of shares available to buy. Further good news for those looking to invest in blue-chip firms is that many are still well priced even in the wake of last year's rises. Here are six that I expect to perform well as the economy picks up.

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