Global Equity Views

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Themes and implications from the Global Equity Investors Quarterly

• Our investors are cautious of rising U.S. interest rates and economic and profits cycles that are long by historical standards, but we still expect profits growth to support markets next year.
• Many of us see opportunities in out-of-favor areas including emerging markets and Europe, and in terms of sectors many portfolio managers continue to like financials.
• The case for value stocks is building relative to growth after significant underperformance, but this may well prove to be a relative rather than absolute opportunity; we don’t yet see a compelling case for moving into value.