We remain constructive on the outlook for the US equity market over the next year and continue to see upside potential for the S&P 500 Index to between 1250 and 1350 by the end of 2010.
The first few trading sessions of 2009 were surprisingly bullish continuing the momentum of a late December rally.
HSBC Global Asset Management will merge its £26m American Growth fund into its £99m American Index portfolio following the former's struggle to outperform its benchmark.
It has been over a year since the collapse of Lehman Brothers. Credit spreads, which skyrocketed during the crisis and remained high early this year, have retracted somewhat.
With fiscal and monetary stimulus appearing from all directions, the US GDP hit a positive 3.5% in Q3 2009, most likely indicating the end of the recession.
The American stock market is having a good year. From its low point of 677 on 9 March 2009, the S&P 500 index has recovered by over 60%.
As investors came to work on September 15, 2008, we braced ourselves for the fallout from the news Lehman Brothers had filed the largest bankruptcy in history.
Several of the world's largest sovereign wealth funds already have announced reviews of their long-term ‘buy and hold' strategies with an idea to reducing fixed weights to stocks
In a post-RDR investment world, exposure to index funds looks likely to expand, increasing competition in this space
In a volatile and ever-changing investment universe, timing is of the essence