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Sarasin - Market View: A necessary correction...

Chief Investment Officer and Managing Partner of Sarasin gives his views on the market outlook following the last quarter.

The abrupt market correction last quarter now feels like a logical response to gathering deflationary risks, and growing worries over the credibility of central bank policy.


A fear of geopolitical fragmentation (especially the Syrian and migrant tragedies) has added to concerns. After recent falls, though, lower equity valuations and higher running yields are starting to offer value.


Yes, profitability has been damaged for commodity and energy producers, and for the more indebted emerging world companies.


On the other hand, though, sharply lower energy costs, renewed corporate restructuring and (overtime) windfall export gains from the collapse of emerging world currencies offer huge opportunities. Meanwhile, with lower bond yields and interest rates, global equity income strategies are starting to look compelling.

Guy Monson, Chief Investment Officer and Managing Partner for Sarasin, October 2015

Please note that these are the views of Guy Monson for Sarasin and should not be interpreted as the views of RL360°.

Author

Guy Monson

CIO of Sarasin and Partners
October 2015

Please note that these are the views of Guy Monson, CIO, Sarasin and Partners and should not be interpreted as the views of RL360°.

360° fund links

A range of Sarasin and Partners funds can be accessed through our guided architecture products LifePlan, Oracle, Paragon and Quantum, and also through our PIMS portfolio bond.