Troy AM CIO Lyon: Expect lower returns, higher volatility this decade
Latest investment report from Sebastian Lyon
Troy AM CIO Sebastian Lyon
The past three years have seen corporate earnings rise inverse to the total return of indices as liquidity has outweighed all other factors, but 2020 may mark a turning point, according to Sebastian Lyon of Troy Asset Management.
Global corporate earnings grew by 7% in 2018 and fell by 3% in 2019, according to MSCI, while the MSCI World index fell in 2018 by 9% but rose by 28% in 2019. Meanwhile, the FTSE All-Share fell by 9% in...
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