'When is the correction coming?' I asked some respected investors a couple of weeks ago - a question many are considering but only a few are brave enough to speak up about.
Mark Burgess, Columbia Threadneedle Investments' CIO for EMEA, came up with US high yield as the one asset class that looks a little bit toppy. On a quick trot around the world's equity markets, he was of the view things look pretty good. That said he was not making the case for some really cheap assets anywhere, but equally he was not overstating all the obvious risks we point to. Brexit is Brexit: slow, laborious, boring (my words), and it is having some impact on parts of the UK economy, but not all. It is hard to price Rocket Man (Kim Jong-un) into valuations. Except gold, t...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
