Hot on the heels of Goldman’s, ING Investment management said that US 10’s won’t top 3.5% by the end of 2014. They fancy developed economy equities as well as peripheral European stocks and bonds.
ING’s Hans Stoter told the Reuters conference;
“We continue to overweight equities versus fixed income and we like European and to some extent Japanese equities,”
There is low-teens’ earnings growth expected for next year and equity risk premium is still high,” he said, referring to the return provided over risk-free government bonds. “So 7-8 percent in equities is easy, (double-digit) should be possible.”
He also says that he sees surprise upside growth possible in China and emerging markets. Seriously, they must have been reading Adam’s post earlier.
Decisions, decisions. All these differing views how does one know who to give their savings to?
