2022 Equity Outlook: Opportunities Beyond Uncertainties

Summary

• We still expect good earnings growth, more moderate than the levels we've seen in 2021.
• In Europe, we would expect a continued cyclical recovery.
• As an active manager, we believe that fundamentals will drive stock prices over the medium to longer term.

baona/iStock via Getty Images

By Chris Hogbin

Transcript

Chris Hogbin:

Few investors would've anticipated the very strong returns we've seen, particularly in the US market. Although we've had a number of surprises, whether that's inflation, supply chain disruptions or, more recently, the reemergence of a new