GR_Special Report
Harbour Asset Management Special Report
Monday 25th of February 2013
The Equity Risk Premium (ERP) across most equity markets has been elevated since 2010, but started to fall at the end of 2012. In our view, a further normalisation of the ERP would be associated with an out-performance of growth and cyclical stocks. It would also see lower correlation of returns between individual stocks, creating more opportunities for active managers.&...
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