Virtus Viewpoints │ Vontobel Market Review & Outlook – Glass Half Full?
Written by: The Vontobel Quality Growth Investment Team
Across the board, global equity markets registered positive returns for the third quarter of 2017. Emerging markets continued their bull run, outpacing their developed market counterparts. While growth has remained slower than politicians, central bankers, and citizens would like, the broader global macroeconomic backdrop is reasonably steady. Generally speaking, wage growth, inflation, household leverage, and housing markets are at reasonable levels in most major economies around the world and the various interest rate environments are still relatively conducive to growth.