“Equities are undervalued due, in part, to the misvaluation between equities and bonds,” said Paul Bagnoli, Director of value manager Bernstein's International Product Development, speaking to advisers at last week's 2003 AXA Expo. Predicting that this so-called misvaluation between equities and bonds will result in a 9% return from the US equity market over the next year, he added “we can justify this modest prediction”...

Erica Fyvie

The U.S. is the only driver of the world economy, contended Robert Gottliebsen, National Business Commentator for The Australian, speaking at last week's 2003 AXA Expo. And in his view, the housing effect is the single biggest reason Australia came out less scathed then the US in recent financial times...

Erica Fyvie

With the risk of war in Iraq at very high levels, Dr Don Stammer, the Portfolio Construction Forum Asset Allocation Board's independent chairman, shares his thoughts about the similarities and differences to the 1991 Gulf War, and how the global economy is affected by the threat and actuality of a war in the Middle East.

Erica Fyvie

The global economy is at an inflection point that continues to produce a favourable US bond environment, according to Doug Hodge, Executive Vice-President of PIMCO, speaking at last week's FEAL February 2003 Briefing Series. The difference this time, he contends, is that US policy makers get it. They have the will to combat deflationary risks, with Japan as an example.

Erica Fyvie

Fund research house ASSIRT recommends overweighting Aussie equities in 2003.

Erica Fyvie