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By: Niche Asset Management, a London-based company founded in 2018.
Specialist value asset manager Niche Asset Management has hailed a once-in-a-lifetime global opportunity in equity markets. With many investors still sceptical about public markets, Niche says deep value are getting close to the point where they will begin to rally.
Niche's investment team is seeing very attractive stock valuations in a number of different sectors. Along with this, key themes like the energy transition and business onshoring could be catalysts for gains in the next few years.
"We can say we have rarely in 25 years of tenure as fund managers experienced valuations that are so depressed," co-founder Massimo Baggiani said. "The indices apparently look expensive based on historical data. Those data do not take into consideration that today, in particular in the US, we are seeing a significant amount of growth stocks in those same indices."
"We think that once the economy presents its first signs of recession, unavoidable under the pressure of high interest rates, and the doomsayers start calling the stagflation myth, the traditional part of the market, the one that is now in value/deep-value territory, will gradually start to roar back, anticipating the inversion of the interest rates cycle," co-founder Andrea Andreis also commented. "This is when retailers, consumer stocks, housing-related stocks, leveraged companies, banks, etc., somewhat counterintuitively, will start t...................... To view our full article Click here
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