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15-01-2021

Smart Investor - Charting the Path to a Synchronised Global Recovery
Smart Investor’s latest issue features Lee Sook Yee, Chief Investment Officer of Kenanga Investors in an article entitled Charting the Path to a Synchronised Global Recovery. Commenting on the prospects of a new year, Lee believes there is a synchronised global recovery in the horizon; with all regions bouncing back from the pandemic-induced recession in 2020 and heading onto a path of recovery. What’s more, global GDP is expected to rebound from -3.9% in 2020 to +5.2% in 2021 based on a survey of forecasters on Bloomberg, according to Lee. On investment bright spots going forward, Lee says that 2021 is expected to be the year where risk assets will outperform defensive assets, with “equities likely to outperform fixed income and gold”.