Interview with Amiral Gestion

“The Main Risk Right Now for Equities is High Valuations, Supported by Narratives Around Sustainably Record-Low Interest Rates”

Date:

Louis d’Arvieu, gestor coordinador del Sextant Grand Large
Louis d’Arvieu, courtesy photo. Louis d’Arvieu, gestor coordinador del Sextant Grand Large

Author: Alicia Miguel Serrano

  1. In the final part of the cycle it makes sense to reduce exposure [to equities]
  2. There is a mix in our funds of high quality and recession-proof companies at reasonable prices, of mildly cyclical companies at cheap prices or of highly cyclical companies at deep value prices
  3. The stock market performance has been increasingly polarized between expensive visible growth stocks which have recently become even more expensive and any kind of value stocks which have become even cheaper
  4. Internationally, we find many opportunities in Japan, South Korea and Hong Kong