View the article online at http://citywire.co.uk/wealth-manager/article/a747463
Q2 WM Outlook: how these readers are managing equity risks
by David Campbell on Apr 30, 2014 at 00:01
‘I would expect to see emerging markets and large cap equities continue to make acceptable but not extraordinary progress, based on current valuations and the economic outlook,’ added Hasley’s George.
‘After five years of coordinated emergency efforts by global authorities, economies are still reliant on low interest rates and high debt to maintain growth and confidence,’ said Daniel Lockyer of Hawksmoor.
‘We are now entering a normalisation phase where a more discerning approach is required so not all asset classes can keep on producing positive returns.’
Beyond short-term market valuation concerns managers were pretty sanguine about the state of the world. Over a 12-month timeframe, 86.7% predicted that global growth would rise versus 13.3% who thought it would change little, from 82.8% and 17.2% respectively three months ago.
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