Now is the time to invest in developed market banks

ON SPECIALIST MARKETS

KOKKIE KOOYMAN, fund manager at Sanlam Investment Management on Specialist Markets

For more information on specialist markets, search Adviserhound.com Considerable uncertainty remains about the developed market economies. House prices are still expected to remain under pressure in the US and UK for a while, and unemployment levels in the developed world will remain high. The fiscal positions of Greece, Spain, Hungary, Italy, the UK and importantly America remain precarious, and voter backlash is a real risk. The only positive has been the new Basel III rules have been watered down and the implementation pushed out far enough to ensure that banks do not have to ra...