Global Foresight – Fourth Quarter 2019 – Rockefeller Asset Management

While the Eurozone has been combating both increasing political divisions and stagnant economic growth since the financial crisis, the United States has been a relative pillar of stability. Investors have rewarded U.S. equities with higher multiples reflecting: 1) its mix of more innovative and rapidly growing companies, especially in healthcare and information technology, 2) a better capitalized banking system, and 3) more resilient economic growth.
As we head into a contentious U.S. election season in 2020, we see the valuation premium of U.S. equities dissipating given the risk to earnings that the leading candidates’ platforms present. We also believe the economic fundamentals in Europe may be close to a cyclical trough, which could lead to a period of meaningful outperformance

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As of the publication date of this news, Hyde Park Investment Ltd and its affiliates are contracted to raise capital for Rockefeller Asset Management in Europe.

Hyde Park Investment has obtained all information herein from sources they believe to be accurate and reliable. All expressions of opinion are subject to change without notice. This document is for informational purposes only and should not be treated as investment advice and should be regarded as indicative, preliminary and for illustrative purposes only. Any market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice. The information included in this document may draw upon selected public market data and reflects prevailing conditions and the Authors’ views as of this date, all of which are accordingly subject to change.