Christine Poole, CEO & Managing Director, GlobeInvest Capital Management
FOCUS: North American Large Caps
Market Outlook:
Equity
markets continue to grind upwards, supported by positive corporate
growth, a resilient global economy, accommodative monetary policy by
central banks and more recently, resurgence in global merger and
acquisitions activity. Mergers and acquisitions are being largely driven
by U.S. corporations with big overseas cash hordes, the availability of
cheap financing, rising corporate confidence in a sustainable economic
recovery and pressure to maximize capital efficiency by activist
shareholders.
The negative impact of sanctions on the Russian economy, which accounts for less than three percent of global GDP, should not on its own derail the global recovery. However, the situation bears close monitoring as escalation of political tensions and actions by the Russian government could hamper the European recovery giving rise to risk aversion tactics. Nonetheless, equities continue to be the favoured asset class and inevitable market pullbacks will be used to increase exposure. (more)
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The negative impact of sanctions on the Russian economy, which accounts for less than three percent of global GDP, should not on its own derail the global recovery. However, the situation bears close monitoring as escalation of political tensions and actions by the Russian government could hamper the European recovery giving rise to risk aversion tactics. Nonetheless, equities continue to be the favoured asset class and inevitable market pullbacks will be used to increase exposure. (more)
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