News

Worst of downturn over: AMP

Wednesday 28th of January 2009

New head of investments Jason Wong says although 2009 is not likely to be a good year for the world economy the worst of the downturn is probably over.

“The good news for investors is the downturn is priced in already,” he says.

“Although its still a bear market equities can still see some big 20% or 30% rallies – we saw one from November. Those gains have been wiped out over the...

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