group factors in annual returns of 8%-10% on us equities over a three-to-five year period
UBS Asset Management is factoring in annual returns of 8%-10% on US equities on a three to five year view. The group sees this as a very attractive proposition in a low inflation environment. Tom Digenan, fund manager at the group, told delegates to Investment Week's recent US and European Markets Forum that the North American markets have returned to fair value now that the effects of the technology bubble have eased. As evidence he pointed to companies cleaning up their balance sheets to create solid business models that were missing three years ago. Digenan added the nature of accoun...
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