Equity markets' rosy forecasts have left benchmarks broken

Warryn Robertson | Lazard Asset Management | 22 August 2019 | 0.25 CE

There is no 20-20 vision in forecasting and it remains the most difficult task facing any investor, particularly with heightened market uncertainty. The extreme low rate starting point and valuation risk has raised the stakes - mistakes at this point of the cycle will be costly. Against such a challenged backdrop, to achieve a satisfactory return from eq...