Merrill Lynch har fremlagt tre strategier for langsigtede investorer. De skal satse på: Store selskaber, selskaber med gode dividendebetalinger og amerikanske selskaber i relationer til internationale.
Uddrag fra Merrill:
Post-Virus, Three Strategies for Long-Term Investors
The ongoing pandemic will likely bring fundamental shifts in the global economy and
behavioral changes among consumers and corporates, and given that, investment
portfolios will have to adapt. Despite the massive fiscal and monetary stimulus, the
economic recovery will be gradual, and consumers will remain tentative about social
engagements like shared community experiences and travel.
Investors should prepare for interest rates to remain lower for much longer, an accelerated
diversification of global supply chains, and a surge in innovation in areas related to health,
productivity, security, 5G connectivity, manufacturing etc. Investor behavior changes will
likely exhibit themselves in a higher comfort level with ballooning government deficits
and central bank balance sheets in the developed world, valuation premiums for industry
leaders and sustainable growers and more government interference in economic and
business decisions, often accepting these as the new normal.
With these expectations in mind, below we present three strategies for long-term
portfolios to navigate the post-crisis economic and investment landscape.
Long-Term Portfolio Implications:
In the post-crisis world, investors should consider the following strategies: 1. Secular
growth and large caps; 2. HIgh-quality Dividend payers and dividend growers; and 3.
U.S. over international investments. Technology and Healthcare sectors globally are the
biggest beneficiaries.
