In our latest exclusive interview we continue the conversation around the likely impacts of rising interest rates on equity markets

In our latest exclusive interview we continue the conversation around the likely impacts of rising interest rates on equity markets. Kevin Bertoli, Portfolio Manager at PM Capital, explains why investors must focus on those companies with the ability to grow their earnings as we enter a rising rates environment. The PE expansion that has dominated valuations over the past few years has run its course and earnings growth will be critical for share prices. Whilst the exact timing of when rates will rise is beyond our control the general trend in data is providing sufficient signals for investors to respond. Bertoli says when markets start reacting negatively to positive data points it is a good indicator that expectations of a rate rise are increasing. You can access the full video here: