US Equities Portfolio Manager, Matt Ward, explains why he is currently constructive on US equities:
- Continued economic expansion in the US that qualifies as both jobs growth without associated wage pressure and increased productivity, means that we are positive on the outlook for US equities in the next few months.
- Offsetting that is FX, - the dollar’s move has had a negative effect on multi-nationals – and the fact that energy earnings have been cut by 50%.
