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Alternative Market Briefing

ING favours global equities, listed real estate for 2015

Friday, January 30, 2015

amb
Valentijn van Nieuwenhuijzen
Benedicte Gravrand, Opalesque Geneva:

ING’s base case scenario for 2015 is that the global economy will experience a more sustainable growth than in recent years, Valentijn van Nieuwenhuijzen told Sona Blessing in a recent Opalesque Radio interview.

Valentijn van Nieuwenhuijzen is Head of Strategy Multi-Asset at ING I.M. (which will be known as NN Investment Partners as from April 2015, and which is the asset manager of NN Group N.V.)

He expects a 3% global growth, with the U.S. in the lead, signs of cyclical improvement in the Eurozone, and an above-potential growth in Japan. "The main area of concerns remains emerging markets which are still on a slowing growth path overall," he adds.

As for the risk factors, "oil has some risk components in the global markets, especially shale oil produced in the U.S., emerging markets’ exporters, but all in all the collapse in the oil price in the last few months provides a big push for global consumers… so it is a net positive for global growth."

Other risk factors such as Greece and Russia are very difficult to predict, but he does not think they will derail the economy this year.

Institutional investors should still look for opportunities rather than park their capital in cash, he continues. Despite the low bond yields, fixed income is still better than cash. But the clear pref......................

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