Investment Conundrums: Morningstar's Kemp - You have to be thinking about a wider range of scenarios than at other points in the cycle

Dan Kemp, chief investment officer, EMEA at Morningstar Investment Management Europe, said concerns about unattractive valuations across global asset classes and a wide range of possible return outcomes are key drivers shaping the team's current investment approach.

He said the 100-strong investment committee has been moving into less-favoured areas of the market across its range of portfolios to find returns, while bolstering more defensive assets in case of a market pull-back. Black Monday 30 years on: How it happened and what we can learn Speaking to Investment Week, Kemp said: "When you are dealing with a situation where most asset classes across the world look unattractively priced, you have to be aware that expected returns from that point are pretty low."  He added the firm is working on the assumption that asset prices are either set t...