'Everything looks expensive or horribly expensive': GMO reduces seven-year forecasts across all asset classes in Q4

EM value most bullish position

Tom Eckett
clock
Tommy Garvey of GMO
Image:

Tommy Garvey of GMO

Grantham Mayo Van Otterloo & Co (GMO), the global asset manager with $77bn AUM, has reduced its seven-year forecasts across asset classes following rising prices globally, with US large caps set to be the worst performers over the period while it backs emerging market value to come out on top.

According to the investment firm's Q4 Seven-year asset class real return forecasts, US large caps will fall 4.4% on an annual basis, compared to a forecast of -3.1% made in Q4 2016. Meanwhile, emerging...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

abrd unveils EM debt fund
ESG

abrdn launches EM Sustainable Development Corporate Bond fund

1% AMC for retail share class

clock 01 December 2021 • 1 min read
Former fund manager Neil Woodford

Link invests more into Woodford stock Mafic

Fund now sits at £124.3m

clock 30 November 2021 • 1 min read
Richard Whitehall of Aegon UK

Aegon UK multi-assets solutions business reaches £1bn AUM

Comes two years after launch

clock 29 November 2021 • 1 min read
Trustpilot