Panorama brings you distinct viewpoints, drawn from the full breadth of our global capabilities. In a complex world we help you find answers to your investment challenges.
In the inaugural Mid-Year edition our senior investors assess the shifts in the global investment backdrop since our December 2016 edition and highlight some of the key opportunities and risks they see over the next six months.
Each month Investment Insights brings you an exploration of the themes and trends which lie at the heart of your investment challenges.
With US equity multiples looking full, this month's Investment Insights takes a deeper look at the price to earnings ratio (PE ratio) and assess its information value to investors as a predictor of forward index returns.
The PE is used by investors as a core measure of equity market value. But its ubiquity leads us to question whether investors place greater weight on the ratio's robustness and evaluative power than it deserves.
Research by asset class
Highlights from Real Estate Summary – Edition 2, 2017:
- Healthy support for occupier demand in main markets
- Central bank policy shifting towards lower liquidity world
- Transaction volumes stabilize in Q2; no adjustment in pricing
- Strategic focus shifts to risk management