BMO Quarterly Market Commentary Report: Global Equity Markets Poised for Further Growth
2012 MAY 6 - (VerticalNews.com) -- -BMO Harris Private Banking released its quarterly market commentary report, A Return to Equities. The report notes that global equity markets showed continuing strength in the first part of the year, and should continue to advance at a slightly reduced pace despite a number of persistent macroeconomic risks.
"The global investment landscape became notably more optimistic in the first quarter," said Paul Taylor, Chief Investment Officer, Fundamental Equities at BMO Asset Management. "As fears about the eurozone credit crisis eased somewhat and U.S. economic data improved, investors demonstrated a renewed sense of confidence by returning to riskier assets. Equity markets around the world advanced as a result."
Mr. Taylor also noted that, in the coming 12 months, bond returns are expected to be positive, but lower than equity returns. "To align our clients' portfolios with this view, we will be modestly increasing their equity allocations relative to fixed income."
Keywords: BMO Financial Group.
This article was prepared by VerticalNews Internet editors from staff and other reports. Copyright 2012, VerticalNews Internet via VerticalNews.com.