Paul Moore, Chief Investment Officer and founder of PM CAPITAL, says recent noise in investment markets linked to specific events such as Brexit has hidden the fact that the world is at an inflection point. Interest rates may have hit their lows after an historic bull run and he says those sectors and stocks that have performed well in the past are not the ones you want to own into the future. Average investment returns are not going to be enough to sustain income levels over the long term, so investors are going to need to expand their time horizons and risk tolerances to meet long-term goals. Paul discusses how to approach investment in this coming environment and spotting the next wave of opportunities. He expands on these points below and also shares his views on areas including REITs, other yield-related stocks, and JP Morgan.