Page 10 - Taking Stock 22 Summer 2019

2019 Summer 2019 Taking Stock Themes and strategies for 2019 THEMES AND STRATEGIES FOR KEY THEMES Bevan Graham NZ Managing Director & Chief Economist INVESTMENT STRATEGY Greg Fleming Head of Investment Strategy It was a rough year for investors globally in 2018. Despite solid economic and earnings growth, benign in ation and low interest rates, markets were rattled by trade wars, the Fed and slowing growth. Now into 2019, we expect the uncertainty to give way to the reality that while global growth may have passed its peak, it will remain solid. Here we discuss some of the key themes for 2019, followed by a look at the implications for investment markets. 10