William Davies is Head of Global Equity at Threadneedle Investments. Drawing on his 27 years of experience, in this podcast, he shares his global equity market outlook, where he sees attractive growth opportunities, challenges and the road blocks. William will also talk us through favoured themes, stock picks and strategies that could capture positive performance in 2014.
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(a) From a historical perspective where would you say, (geographically, sector, theme, market cap basis) equity valuations look over-stretched, rich, frothy?
(b) Is there scope for equities to rally further?
In contrast where are you still seeing attractive equity valuations and why?
Could you share some stock examples that you like and those that you have exited?
Could you elaborate on the range of strategies that are being implemented to capture positive performance?
How do you decide on and can you optimise duration - i.e. dividend gains vs. capturing the upside performance from momentum stock rallies
From a risk-reward or risk-adjusted-performance basis how would you rate investing in equities vs. in other assets such as bonds and commodities?
What are some of your favoured investment themes?