The equities bell is a long way from being rung - four reasons why there may be 25% left in the share market
Pendal Group
Pendal Group
The equities bell is a long way from being rung - four reasons why there may be 25% left in the share market. You may have heard that a major sell-off is just around the corner. We disagree. Here's why: 1. Historically, returns are just average when looking at the rolling 3-year total return for Australian shares. 2. Price to Earnings ratios are within a normal range - we differentiate between pre and post GFC because we believe that the event caused a fundamental shift in both market and investor behaviour. The market is actually cheap on this metric. 3. The US market is fairly priced against earnings - more than 140 years of data may come as a surprise to anyone claiming US shares are in bubble territory. 4. The Australian market is arguably 25% undervalued. Want to know why? Read more from Portfolio Manager Stuart Eliot here (VIEW LINK)
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At Pendal Group, our vision is to combine the benefits of our strong institutional foundation and performance-focused culture with a multi-boutique specialist investment approach. We believe this approach firmly positions Pendal to achieve outstanding risk-adjusted returns for our investors, and deliver strong growth for our shareholders. Pendal Group is listed on the Australian Securities Exchange and manages A$62.05 billion (31 March 2014) for investors.
Pendal Group
Pendal Group
At Pendal Group, our vision is to combine the benefits of our strong institutional foundation and performance-focused culture with a multi-boutique specialist investment approach. We believe this approach firmly positions Pendal to achieve...
Pendal Group
Pendal Group
At Pendal Group, our vision is to combine the benefits of our strong institutional foundation and performance-focused culture with a multi-boutique specialist investment approach. We believe this approach firmly positions Pendal to achieve...
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