Equities offer the best risk-adjusted returns
While key risks for equities will recede, there is a looming crisis for pension funds, writes Ross McEvoy.
At the beginning of 2012, investors faced into the perfect storm of macro risks. The only thing certain was more uncertainty. It was not an environment conducive to investing in equities. However, as we look into 2013 the so called "tail risks" seem to be receding. As the table below demonstrates, a large number of the key risks diminish as the year progresses.
Mario Draghi's move to underpin the eurozone's weaker members, reducing the chance of a...
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