Outlook for Investment Markets
It was another good month for growth assets, as concerns about the outlook for the US economy eased. With the US improving, the major emerging economies keeping economic activity in the rest of the world robust, and local forecasts for faster economic growth in 2011, growth assets should continue to do well, although there will be pockets of poor performance (notably in austerity Eurozone economies). Rising bond yields will continue to weigh on fixed interest.
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