“The medium-term outlook for the world economy actually does not look very promising. Let me say that some of the risks we are talking about will likely play out over 12—24 months, and not 3 to 6 months. But these are things that we have to keep at the back of our mind.”
I keep neutral to positive bias on the market and a lot of sectors are doing well. So, although index may be illusionary or it
US equity funds are undergoing reversion to the mean. Europe and Japan equity funds are attracting more inflows while the interest in emerging markets persists.
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