Outlook for Investment Markets
Growth assets have continued to do well, albeit with interruptions from Eurozone issues (the Italian election, Cyprus). Internationally, the overall economic outlook continues to firm up, though with marked variations from one region to the next, and closer to home both the New Zealand and Australian economies have decent prospects. This modest growth environment should continue to support growth assets, and will continue to place pressure on bonds, which have been performing poorly year to date.
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