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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......................

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