Outlook for Investment Markets
The year has started very well for many asset classes, with lower oil prices, expansionary monetary policy in the eurozone and ongoing U.S. growth boosting world and domestic equity and property markets. After the latest rises, however, many asset classes are looking expensive, particularly global bonds and property, and are more vulnerable to adverse political or economic surprises. In New Zealand, the economy is still trucking along, though much of the good news may already be built into asset prices after two years of strong gains.
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