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Despite the current level of volatility in the markets, ING Investment Management (ING IM) remains constructive in its outlook for equities. Indeed, it expects the Japan Topix to grow by 17.4% between the end of April and December this year, and the European Stoxx 600, FTSE 100 and MSCI EM Free indices to grow by 9.5%, 8.6% and 9.0% respectively during this period. It is predicting slower growth of 3.2% for the SP 500. This will be fuelled by a number of factors including earnings growth that will surpass the record earnings of Q2 2007, attractive valuations and what the asset manager believes more corporate activity (a new MA cycle, equity buy backs, dividend increases).
Patrick Moonen, Senior Equity Strategist said: Although we remain positive...
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