Fiducia Webcast Summer 2014

Investment Outlook 2014

At the start of 2014 there is clearly a degree of relief being felt across markets as economies begin to gain momentum (not necessarily in Europe but elsewhere). The early stages of reform packages in parts of Asia including Japan, India and Indonesia are also a promising sign of things to come. From an investment perspective current returns are relatively flat compared with those seen in the previous few years of 10-15%.

Markets on the whole have been slowing down as valuations adjust with their usual forward looking perspective. Many companies have built up large cash balances, this would normally spur economic momentum, however many are re-purchasing shares or returning money to shareholders, reflecting a generally more cautious approach toward potential economic growth.