It’s not only the winner you need to predict, says one portfolio manager

It’s not only the winner you need to predict, says one portfolio manager
Several renowned North America funds have seen large inflows over the past three months
Sky-high tech stock valuations are making investors nervous
There is a ‘need and urgency to make available funds to replace the ageing US water network’
Five party centre-left coalition plans to raise taxes and increase spending but fragile pact concerns investors
US equities back to being least popular asset class for European fund buyers
The market reaction following the success of Italy’s populist parties at Sunday’s general election will depend on how diluted their stance will be going forward on fiscal easing and being anti-Europe, according to experts.
The expected hung parliament following this weekend’s Italian election is likely to encourage fund selectors towards Italian equities and away from the fixed income sector, according to experts.
While never in doubt, the strength of victory of Prime Minister Shinzo Abe’s ruling party in Sunday’s snap lower house election exceeded expectations, with the Liberal Democratic Party (LDP) securing more than half the number of lower house seats.
Japanese equity fund managers are backing small and mid cap companies in the tech space as well as ‘online disrupters’ ahead of the snap election to be held in October.
Part of the Bonhill Group.