Now may be the time to buy equities

Professional Adviser
clock

BY Bruce Miller, investment director, US equities, at Scottish Widows History warned that a stoc...

BY Bruce Miller, investment director, US equities, at Scottish Widows History warned that a stock market bubble was brewing in the late 1990s, a bubble that reached its spectacular peak in March 2000. How good it felt towards the end of 1999, when US equities had provided a total return of 27% per year since 1995. As good as it felt in 1999, it was not an appropriate time to buy equities. Now that we are decisively back in the old economy and 40% below the peak of the S&P 500 index, it feels a whole lot different. A stuttering economic recovery, geopolitical risk of major proport...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •