Slow growth in 2016, USD to weaken vs G10 cur­ren­cies

Financial Mirror (Cyprus) - - FRONT PAGE -

The Wealth, Bro­ker­age and As­set Man­age­ment Divi­sion of the Bank of Cyprus or­gan­ised the “Wealth Man­age­ment Fo­rum: Global Mar­kets Out­look 2016” that took place on Jan­uary 20 at the bank’s head of­fices.

The fo­rum pro­vided use­ful and in­sight­ful in­for­ma­tion to the wealth man­age­ment com­mu­nity. In­ter­na­tional mar­ket ex­perts, from ma­jor fund houses, sup­ported the event with their views and fore­casts.

Peter Vin­cent, Head of Al­ter­na­tive Sales, Europe at Franklin Tem­ple­ton dis­cussed how the world eco­nomic growth is ex­pected to slow in 2016 and in­fla­tion is ex­pected to stay muted, with the world econ­omy likely avoid­ing both re­ces­sion and out­right de­fla­tion. Ad­di­tion­ally, he ex­plored the rea­sons be­hind the rapid growth in th­ese new in­vest­ments and dis­cussed the role they could play within a di­ver­si­fied in­vest­ment pro­gramme.

John Botham, Prod­uct Di­rec­tor at In­vesco, pre­sented his views on global eq­ui­ties in­clud­ing a brief re­view of 2015, the out­look for 2016, val­u­a­tions, sec­tor and re­gional views.

Mo­hamed Rashid, In­vest­ment Spe­cial­ist, Global Cor­po­rate Credit at BNP Paribas, gave a short overview of the macroe­co­nomic en­vi­ron­ment as per­tains to fixed in­come mar­kets, namely Euro­pean and North Amer­i­can as well as an anal­y­sis of 2015 per­for­mance fol­lowed by a brief out­look for 2016 in­clud­ing main per­for­mance driv­ers and risks.

Alexandros Scoun­tjos, Di­rec­tor at HSBC, talked about the USD and on how it is set to weaken against G10 cur­ren­cies this year.

Ge­or­gios Lam­pros, Man­ager As­set Man­age­ment and In­vest­ment Strat­egy & En­ergy, at Bank of Cyprus an­a­lysed the in­vest­ment themes of the BOC In­vest­ment Strat­egy Team for the year ahead and de­picted views on ma­jor trends and in­vest­ment ideas that are ex­pected to be ma­te­ri­alised in 2016.

The event was chaired by Costas Ar­gyrides, Di­rec­tor of the Wealth, Bro­ker­age & As­set Man­age­ment Divi­sion of Bank of Cyprus. John Hourican, CEO of Bank of Cyprus, de­liv­ered a wel­come ad­dress and a key­note speech on the Cyprus econ­omy, its cur­rent state and fu­ture prospects was de­liv­ered by Sofro­nis Clerides, As­so­ciate Pro­fes­sor of Eco­nom­ics at Univer­sity of Cyprus.

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