Jeroen Boogaard

In response to the SRI trend, State Street Global Advisors (SSGA) has been expanding its offering of ESG products. But these funds do not replace non-sustainable variants, says Carlo Funk, head of ESG investment strategy for EMEA at SSGA.

The expected returns on US value stocks are attractive compared to growth stocks. As a coronavirus vaccine is now around the corner, the global economy will pick up next year. This will be supportive for long-term outperformance of value stocks, according tot Christian Correa, President and Chief Investment Officer of Franklin Mutual Series.

Oil stocks have never been so cheap, but there are no signs yet that prices have bottomed out. We’re still waiting for a turn in market sentiment, say head of Automated Intelligence Equity Tjeerd van Cappelle at NN Investment Partners and NN Energy fund manager Anastasia Naymushina (photo).

Foreign investors and central banks will continue increasing their allocation to Chinese government bonds. They offer a relatively high yield and are a safe investment, says Freddy Wong, head of Fixed Income Asia-Pacific at Invesco.

External valuations of retail properties are unreliable. Our models indicate considerably lower prices and therefore much higher debt ratios, says real estate specialist of Egbert Nijmeijer of Kempen Capital Management.

Retail property has been hit hard by the coronavirus crisis. Nevertheless, external surveyors were remarkably lenient in their half-yearly valuations. For example, for Eurocommercial Properties and Klépierre, which operate comparable medium-sized shopping centres in Europe, the downward revaluation was limited to just under 3%.

Global equities can rise by up to 75% over the next five years driven by profit growth, according to Knut Gezelius, lead manager of the Skagen Global fund.

Skagen is known for its active, value-based investment philosophy. But if you look at the largest positions of the global equity fund, you’ll mostly see prominent growth stocks such as Microsoft, Adobe, Alphabet and Mastercard. What happened?

Solid growth companies will continue to live up to high expectations by showing strong profit growth. This offers the prospect of an attractive total return after inflation of 7-10% per annum on average over the long term, according to manager George Dent of the BNY Mellon Long-Term Global Equity Fund.