We have recently been summing up our overall market view as being characterised by elevated multiples applied to cyclically high earnings.
The reality is that the current opportunity set is very challenged and few investments offer a compelling case. Valuation is a poor predictor of short-term returns (less than three years) and consequently...
Revealed – successes across all 11 categories
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Letter from academics
'Digital transformation' of sector
Up from 14% in 2017