Pictet | Frankfurt, 26.11.2015.
We believe equities will deliver healthy gains in 2016 thanks to moderate economic growth and additional monetary stimulus.
Japan and Europe remain our favoured stock markets; both regions benefit from monetary stimulus and improving economic growth.
Emerging markets, undervalued and unloved, could stage a strong recovery. EM stocks are trading at lowly valuations that look increasingly difficult to justify. Within emerging markets, we expect Asian stocks to deliver thestrongest returns – they trade at a notable discount to their Latin American counterparts. Korean stocks look particularly attractive as the economy would be among the first to benefit from any improvement in world trade.