Equity and Bond Market Outlook 2013
CONTRIBUTED BYAsher Bearmanasher.bearman@dlapiper.com A friend of mine at a major investment bank sent me their market outlook for 2013. In 2012, the world markets were up 16%. For 2013, they are projecting: Interest rates are likely to remain low for a few years, investors should lower their return expectations, and “policy” will remain incremental in key developed and emerging markets economies. Fom an asset class return perspective, there were six key projections: Bonds will have virtually no nominal returns for the foreseeable future. High yield and emerging market local debt will provide attractive absolute and volatility-adjusted returns. Hedge funds will...
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