Will investors reap the rewards?

The most successful investment strategies in 2003 were those that bet on central banks and governments succeeding with their global reflationary policies. Thanks to extremely accommodative monetary polices, together with expansionary fiscal policies and a significantly weaker dollar, the global economy surprised most people with the strength of its recovery, especially in the second half of the year. A stronger than expected world economy has justified the impressive performance from equities since March this year, and also bodes well for a sustained recovery and attractive corporate pro...