Portfolio Manager Remains Optimistic on U.S. Market Despite Mixed Investor Sentiment

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

Investment News

OPTIMISM,U.S. MARKET,GROWTH

Aneka Beneby, a portfolio manager at Julius Baer International, expressed optimism about the U.S. market, citing post-election clarity and potential for higher growth rates. Her comments come as U.S. stocks continue to rise, with the S&P 500 up 27.5% this year and setting new records.

At a time when investors are mixed on the U.S. market, one portfolio manager remains optimistic and sees reasons to stay invested. "We really like the U.S.," Aneka Beneby, portfolio manager at Julius Baer International, told CNBC Pro last month. "Now that the election result is clear and behind us, we can reasonably assume a higher growth rate in the U.S., and that's probably going to lead to an end of year rally," she said. Her comments come as U.S.

"There are some tactical things that you can do given what's going on," she explained. Aside from the U.S., the long-term investor is also keeping watch on opportunities in global companies with diversified revenue sources across countries. She is especially bullish on large cap quality growth companies which "have been able to withstand higher interest rates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Portfolio manager says a ‘healthy' correction could come if earnings and growth stallBrian Arcese, portfolio manager of Foord Asset Management, said slowing earnings or GDP growth could cause a correction.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »