Monson: 2011 will be a year of ‘consolidation'

The theme of this year will be consolidation, following on from a 2010 characterised by "unnatural" government intervention in markets, according to Guy Monson, CIO and managing partner of Sarasin.

After a 2009 dictated by crisis economics, 2010 was a year of stimulus economics, Monson said. “It was an unnatural world of QE, of interest rates, fiscal stimulus plans, governments intervening in bond markets, and it completely distorted normal dynamics of asset management in all the individual investment markets. “I mark 2011 much more as a year of consolidation. It will be a more honest year of getting public deficits under control in the West, and of controlling inflation and managing domestic demand in the East,” he added. Monson runs the £463m Sarasin EquiSar Global Thematic...