Investors have the worst outlook on the global economy since 2011, according to the latest Bank of America Merrill Lynch fund manager survey, driven by fears over slower global growth and US decoupling.
The survey of 244 panellists between 7-13 September with $742bn in assets under management globally, found a net 24% of investors expected global growth to slow in the next year. The figure, up 7%...
Equity fund targeting 3% outperformance
Caught between the growth potential of emerging economies and US tech, and the relative comfort of the UK domestic market, European equities are often overlooked by UK investors.
When it comes to the Japanese market currently, cash is in abundance, valuation metrics are not stretched and corporates have the capacity to increase returns to shareholders.
Expect an average TSR of 5.6% over the next three years
Annual letter to investors