Five fund houses predict the future for 2015

Five fund houses predict the future for 2015

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Here we have a mixed bag of forecasts of what markets will do in 2015. Diversity of opinion is (nearly) the only consistent thing here, except the views on equities - everyone still loves them...

Stephanie Flanders, chief market strategist for Europe at J.P. Morgan Asset Management: "A concern in 2015 is that the growing divergence between the global economies will continue and may actually drive market instability. If we look back at the beginning of this year, we were coming off a long rally in equities built on an only partially fulfilled expectation that global GDP growth would recover. With the exception of the US and the UK, we haven't seen global economies make good on those expectations; that may be a cause for nerves. "The stage is set for diverging monetary policy nex...

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