Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Geopolitical risk can create buying and selling opportunities in equity market

Thursday, April 10, 2014

amb
William Davies
Benedicte Gravrand, Opalesque Geneva:

William Davies is Head of Global Equity at Threadneedle Investments. Drawing on his 27 years of experience, he shares his outlook on global equity market in a recent Opalesque Radio interview with Sona Blessing. He sees equity valuations around the world as being inexpensive and likely to rally further, and believes opportunities can be found in the current risks.

In general, and on a historic basis, equity valuations around the world are not particularly expensive, he notes, especially given that interest rates are at historic lows. In the US, one of the strongest performing markets, a 14.5 price earnings for 2015 does not seem particularly expensive. In Europe, a price earnings multiple of 12.5 times for 2015 is not expensive either. In Asia, multiples are at around 11 times, which is relatively cheaper, "but then, we’re being a little less confident about the outlook for growth within some of the Asian market."

Global markets rose on Wednesday after better-than-expected corporate results boosted sentiment on the outlook for Q1 earnings, says Reuters. MSCI's all-country world equity index (ACWI) gained 0.28%. The index is up 0.90% YTD; it......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1