Vanguard releases economic and market outlook white paper
30 January 2018 | Markets and Economy
Strong market returns and low financial volatility underscore investors' conviction that the current global environment of modest growth and tepid inflation is here to stay.
Vanguard's Investment Strategy Group agrees with this long-term economic prognosis but we argue that the chances of a short-term cyclical rebound are underappreciated. So the risks lie in mistaking persistent trends for the 2018 cycle.
This document is directed at professional investors only as defined under the MiFID Directive. Not for public distribution. It is for educational purposes only and is not a recommendation or solicitation to buy or sell investments. In Switzerland for institutional investors only. Not for public distribution.
Issued by Vanguard Asset Management, Ltd, which is authorised and regulated in the UK by the Financial Conduct Authority. In Switzerland, issued by Vanguard Investments Switzerland GmbH.