Navigating Capital Markets

Here’s What We’re Thinking

March 26, 2015

Investment Strategy: Difficult times navigating capital markets amidst heightened geopolitical risks and relatively high valuations.

Although the risk‐return equation continues to favour the equity market in the medium‐term, we are concerned that elevated valuations combined with a worsening of geopolitical risks have made the equity market moderately less attractive in the near‐term. In particular, we expect volatility to return as the U.S. Federal Reserve gets closer to raising rates, Greece’s four‐month debt extension expires, and the heat gets turned up a notch in various global hotspots.

Read More…