Huge divergences in share prices mean you need to know your manager
Where the market is overly optimistic returns are borrowed from the future while areas where there is pessimism can deliver good future returns
There were wide divergences in share prices around the world, with some market sectors reflecting huge investor optimism and others huge investor pessimism, asset managers said at a recent asset manager conference.
Optimism is delivering extraordinary returns for some investors, but active managers speaking at the Collaborative Exchange’s Meet the Manager conference said it came with the risk of prices falling and investors losing money. ..
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