Approximately a year ago Nathan Lim, Portfolio Manager at Australian Ethical wrote a wire about the disconnect in the US between valuations and earnings, “I guess what surprised us is that we were expecting that slowness in the US economy to translate into underperformance in the stock market, but what you’ve seen is that multiples have expanded, despite the fact that earnings growth hasn’t really manifested,” Lim said. Click the <a href="" target="_blank" data-event-type="click" data-event="link_click">(VIEW LINK)</a> to view Nathan’s original wire. Recently Livewire contacted Nathan to get an update of his thoughts on global equity markets one year on. A summary of these thoughts can be seen below