GAM’s Howard: Cracking the asset allocation code amid ‘flashing red’ valuations
The CAPE ratio for US stocks is ‘well above’ its long-term average
The CAPE ratio for US stocks is ‘well above’ its long-term average
Morningstar’s Mike Coop discusses ‘disappointingly and puzzling poor’ forecasting in the industry
Valuations could fall further if weaker economic data and earnings induce panic-selling
Analysts have yet to revise earnings estimates to factor in impact of Russian invasion and greater inflationary pressures
Majedie Investments writes down value of holding due to Covid outflows and pulled mandates
Gresham House Strategic board claims ex-manager owes £0.3m after failing to account for £1.6m tax provision
But CFA UK membership views equities as increasingly better value
JP Morgan analysts flag key-man risk and valuation method for fund boutique
Valuation metrics for Tesla and Faang stocks split investors
The Schroder Value team has been cutting the number of stocks in its portfolios and raising cash levels owing to a lack of investable opportunities.
Could Mifid II be responsible pushing markets into a downward spiral? Perhaps not, but a rule requiring managers to report any 10% fall in a portfolio to clients will do little to discourage the buy high/sell low mentality of the man on the street.
Equity valuations are rich at present, but investors can still find opportunities if they look beyond overly simplistic valuation methods when picking stocks, according to Manulife Asset Management.