SEB: Investment Outlook: Rising values in sight
(Thomson Reuters ONE) -
Capital markets are well on their way forward. Prices are moving upward in stock
markets, reinforcing a sense of economic healing since the crisis years. But as
always, the picture is complex and raises questions, as shown by the May/June
issue of SEB's quarterly Investment Outlook report.
The world is changing, as are the ways value is generated. Will the driving
forces we have seen in the past 10-20 years be repeated?
"Probably not. Saving and debt in various sectors of the economy have changed,
and future demand will partly come from new directions. This may be important to
commodity prices. The demand for commodities is often driven higher in the early
growth phases of economies, but when demand later matures, new patterns emerge.
We may be on the threshold of such a phase today," says Hans Peterson, Head of
Asset Allocation at SEB and publisher of Investment Outlook.
The market prospects described in this issue of Investment Outlook have a mildly
positive tilt, including a belief in rising markets and value generation. We
discuss to what extent active central banks, reforms in Japan, stabilisation in
the US labour market and gradually increasing risk appetite and optimism will
sustain the underlying trend.
"Rising asset values lead to greater willingness to set the economic wheels in
motion in the form of consumption and investments. This is probably the course
of events we are about to witness," Mr. Peterson says.
In a theme article in this issue, entitled "Liquidity driving markets and the
economy", we have chosen to look closely at liquidity and how it affects market
performance. Earlier strict austerity in fiscal policy, especially in European
problem countries, is now on its way to being replaced by less austere policies.
Our assessment is that the seasonal pattern of recent years has ended and that a
rather mild economic slowdown during the spring will be followed by gradually
stronger growth that will continue into 2014.
We also have a theme article about underlying driving forces in the market,
entitled "New driving forces - from investment to consumption". The demand for
industrial input goods (commodities) to develop infrastructure and other capital
spending has been the primary driving force in global growth. Now we are seeing
a trend towards other patterns, driven by consumption rather than capital
spending. This is described in our second theme article.
Investment Outlook gives readers an in-depth look at the investment climate and
the prospects for seven asset classes. It also provides advice about current
risks and opportunities in the art of investing. The report can be read in its
entirety at www.sebgroup.com.
+------------------------------------+-----------------------------------------+
|For further information, please |Press contact: |
|contact: |Claes Eliasson, Press & PR, SEB |
|Hans Peterson, Head of Asset |+46 76 396 53 19 |
|Allocation, |claes.eliasson(at)seb.se |
|SEB Investment Management, | |
|+46 8 763 69 21 | |
| | |
|Lars Gunnar Aspman, Global Head of | |
|Macro Strategy, | |
|SEB Private Banking, +46 8 763 69 75| |
+------------------------------------+-----------------------------------------+
SEB is a leading Nordic financial services group. As a relationship bank, SEB
in Sweden and the Baltic countries offers financial advice and a wide range of
financial services. In Denmark, Finland, Norway and Germany the bank's
operations have a strong focus on corporate and investment banking based on a
full-service offering to corporate and institutional clients. The
international nature of SEB's business is reflected in its presence in some
20 countries worldwide. On March 31, 2013, the Group's total assets amounted
to SEK 2,580 billion while its assets under management totalled SEK 1,374
billion. The Group has about 16,000 employees. Read more about SEB at
www.sebgroup.com.
Investment Outlook:
http://hugin.info/1208/R/1705071/563950.pdf
Press release:
http://hugin.info/1208/R/1705071/563949.pdf
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SEB via Thomson Reuters ONE
[HUG#1705071]
Unternehmensinformation / Kurzprofil:
Datum: 28.05.2013 - 10:01 Uhr
Sprache: Deutsch
News-ID 263732
Anzahl Zeichen: 5514
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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