Credit Suisse optimistic on 2007 outlook
Credit Suisse Asset Management has revealed an optimistic outlook for global economic prospects for 2007.
Credit Suisse Asset Management vice chairman Robert Parker said while there was a case for arguing that economic and market risk is rising with the fear of economic slowdown, concerns about the US dollar, possible increased default rates and ongoing geo-political instabilities, the outlook for 2007 was optimistic.
“We believe that the risk of a US recession remains low and that the current slowdown in other economies, including Europe and China, will be minor,” he said.
“The world looks on track for a brief, inflation-curbing slowdown in the first half of the year, which should be followed by recovery in the second half.”
Parker said that in terms of asset allocation, he believes holding equity positions focused on large caps in Europe and in emerging markets, coupled with a readiness to add risk after corrections, would generate alpha for clients.
AUTHOR
Mike Taylor
Recommended for you
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
