investment returns

Hedge Funds

Economic growth no proxy for equity performance

Two emerging markets specialists have explained why developed market equities are outperforming countries such as China. Anne Richards, global chief investment officer at Aberdeen Asset Management, said economic growth was not a proxy for equity market performance, with the MSCI Emerging Markets Index severely underperforming the MSCI World Index in the last 12 months despite […]
Hedge Funds

The media and market confidence

While it’s difficult to find evidence of a direct relationship between economic growth and equity returns, it is possible to explain how news stories – such as those about economic growth – affect market sentiment. The importance of sentiment Market sentiment is the biggest driver of investment returns in the short-to-medium term. As investors, we usually […]