SSgA positive on long US bull run
US - Wall Street's bull run will continue for the next few years, State Street Global Advisors predicts.
The fund manager’s chief investment strategist, Ned Riley, said share prices were currently at “the starting gate rather than the finish line”.
Riley cites the US’s low interest rates, tax cuts, and appreciation of the dollar as providing “ideal conditions” for a continued upturn in share prices.
He said: “With the possible exception of that dreaded al Quaeda attack, this stock market and economy will, in my opinion, continue to gain momentum over the next few years.”
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Latest issue - 18 July 2019
This week's edition of Professional Pensions is out now.
Employers say master trusts are best pension for employees
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
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Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Breaking down barriers to DC schemes investing in private markets
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.
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