- A view on small and mid-cap equities moving towards 2018
A view on small and mid-cap equities moving towards 2018
Tuesday 05 December 2017
Research / Market
"Valuations in European small and mid-cap stocks are not cheap, but this asset class continues to be favoured by the positive economic backdrop, high exposure to domestic dynamics, and possible increase in M&A."
Bavarian elections: Eropean political landscape continues to evolve
"The poor performances from the traditional parties in the Bavarian elections represent early signs of a political reshuffle at the federal level."
Brazilian elections: lights and shadows on the horizon
"The expected outcome of the presidential election occurred, with right-wing candidate Jair Bolsonaro (PSL) winning vs the leftist Fernando Haddad (PT)."
Asset class return forecasts - Q4 - 2018
We stick to the view that 2018 will be the peak of the global economic cycle. 2019 will most likely be a year of deceleration albeit with still above trend growth, before a further slowdown of growth towards potential in 2020.