Global equity markets will perform strongly in 2009, according to fund manager Prahmit Ghose, who sees excellent buying opportunities amongst big players with strong balance sheets.
Ghose, the Dublin-based manager of the Elite Bloxham Equity Income fund, expects markets to hit rock bottom within the next few months, but is taking a bullish approach into 2009. “By anyone’s standards 2008 has been a bumpy year,” he says, “but we are now seeing the green shoots of recovery. In common with many of our competitors, we are taking a cautious short-term approach, running 15%+ liquidity – but will look to decrease liquidity as opportunities unfold in the coming months.” Ghose says large cap firms with cash to spare have opportunities to acquire other firms cheaply, as shown b...
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