VAM Quarterly Investment View - February 2019

The Manager anticipates that 2019 could be a better year for equity markets. It thinks that many of the growth and liquidity challenges of last year have been discounted in share price valuations, after the significant declines in the fourth quarter of 2018. The view of the Manager is that markets are poised to have a better year in 2019, an outlook based on a number of assumptions which will continue to test and validate throughout the year.

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