News this past week
- Equity markets subdued
- Atlanta Fed revises up US GDP forecast
- Brazil’s Rousseff impeached
- Chinese inflation in line with expectations
- Oil continues to rally
James Klempster, CFA of Momentum Global Investment Management shares his view:
About a year ago the global equity market reached its recent peak. Since then market sentiment has waxed and waned and investors in stocks would be forgiven for thinking that the rollercoaster style returns make it impossible to generate decent returns for clients. While these turbulent months undoubtedly provided a difficult ‘user experience’ for those of us who had money invested, we believe that in periods such as these, market volatility provides an opportunity to fund managers able to look through the noise to position their portfolios for tomorrow’s opportunities.