Aberdeen Asset Management believes that the US is on course for recovery and that recent market volatility is an overreaction to policy risks. Aberdeen fund managers are optimistic about US growth and foresee a gradual pick-up in investment. Chief risks at the moment are the pace of recovery and the ability of the Fed to read the signs correctly as it scales back its asset-purchasing. While uncertainty over this has sparked market volatility, a return to a more normalised interest-rate environment is positive. Until very recently, record low bond-yields have distorted price signals, forcing investors to chase riskier returns. (VIEW LINK)
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