0:00
As we look ahead to 2024, what's one thing you're keeping an eye on
0:03
24 is the year of duration. People are going to want interest rate risk
0:09
They're actually also going to want all types of fixed income because we finally have a yield worth having
0:14
Ultimately, we have increased interest rates. There's going to be a sort of lagging effect of that
0:19
So whilst we may get interest rate cuts next year, I think actually we're going to find actually economic downturn comes
0:25
particularly you're going to see more profit warnings, companies get into financial difficulties, some of the zombie companies going bust
0:30
I think it's going to be a pretty uncomfortable world. But most particularly, I think what you all see is
0:34
capital intensive businesses start to do better. So already the Putsi 100 has already been
0:38
pretty much the best before we start market since September 2020. Outperformed by the US just recently
0:45
but generally it's right there
