Easy global monetary policy to provide favourable backdrop for global equities in 2016, says Old Mutual Investment Group
With commodity prices bearing the brunt of China’s slowing growth and a struggling South African economy putting SA companies’ profits under pressure, the sources of returns we’ve seen over recent years in the SA market, have all but dried up. This is according to Old Mutual Investment Group’s fourth quarterly investment update for 2015, where its presenters highlighted that, given the current global environment, developed markets, in particular European equities, will offer the best source of returns in 2016, and that investors should expect lower returns considering the high returns seen over the past few years.