Growth still distant dream for AXA Global Investors
In its March 2009 'Quarterly strategic outlook', AXA GI – formerly known as Arcus Investments – says although equity valuations look “increasingly attractive” the prospects for growth assets still appear shaky.
The AXA GI report says the group has “stayed true” to two important indicators in judging the state of world markets - “the state of the US housing market and financial sector credit”.
“While there has been some improvement in the latter, the rate of US house price declines still looks troubling,” the report says.
According to AXA GI, it expected a number of key themes to develop over this year which would determine investor returns “for many years to come”.
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