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

EM value most bullish position

Tom Eckett
Tommy Garvey of GMO

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...

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