We have seen a period of unprecedented injection of liquidity and negative interest rates. Yet, despite these efforts, economic expansion globally has remained slow and sluggish. On the other hand, asset prices — from real estate to bonds to stocks — have been buoyed by such favourable monetary conditions which include leverage that has increased to levels in excess of that seen prior to the 2008 Global Financial Crisis.
We believe that both global economy and markets are into their last inning. We anticipate that the global economy, led by the U.S., will begin to slow and even slide into a recession within the next 12-24 months. As a result, equity markets, which typically lead by 2-3 quarters, will likely hit a top over the next 12 months. Many assets, especially those which had benefited in recent years from favourable monetary conditions, will see their prices adjust lower.
Having worked in the finance market for over 20 years, Sani is well-regarded and has spoken at numerous international seminar.
An expert, Victor co-managed the award-winning Shenton Income Fund when he was working in DBS Asset Management.
Vice President, Intermediary Sales, UOB Asset Management
Audrey develops strategic relationships to expand the distribution of UOBAM funds in the IFA and insurance market.
Before joining Janus Henderson Investors in 2011, Tim was a European fund manager at AMP Capital Brookfield.
Armed with his past experience as a Financial Analyst, Joe is responsible for maintaining and enhancing relationships in Asia.