After ten years of bull markets, the cycle may be ageing but is it really over?

 

We forecast double-digit shareholder returns for global equities by the end of 2020. Equities remain our most preferred asset class, both in relative and absolute terms. We believe that stock markets are in the late stage of the bull market, but we continue to argue that late-stage bull markets typically see strong stock price returns. Therefore, we recommend staying overexposed to equities.

 

To benefit from these bullish market conditions, investors may consider our various Barrier Capital Protection Certificates.