GAM's Charles Hepworth expects the market falls seen earlier this month to spur an end-of-year rally, making up the losses suffered by equity investors.
The investment director in charge of GAM's DFM proposition expects markets to be boosted by the ECB beginning its bond buying programme last week and expectations of a delayed rate hike by the Bank of England. Hepworth (pictured) said: "It is good for markets to get a bit of a fourth quarter rally underway and we think we will certainly get to where we were at the start of the year [across global markets]. "Talk of more QE has been generally supportive of all equity market movements since mid-October and [bond buying] by the ECB will push European markets up considerably." Over the...
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