The strong pipeline of IPO's coming from both the public and private sector is likely to weigh on momentum in the equity markets
The strong pipeline of IPO's coming from both the public and private sector is likely to weigh on momentum in the equity markets. Justin Braitling, CIO of Watermark Funds, says this is typical of post recovery markets and an expected part of the cycle. Braitling says that as asset values have recovered and confidence has returned, those people who have been sitting on assets for some time are now looking for an exit. It is this wall of supply that is coming to market that Braitling says will put a holt on progress for equities as investors struggle to digest the volume of new deals. Watch the video:
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