Investment outlook positive for 2021, says expert
DUBAI, February 7, 2021 On a short to medium term horizon, the investment outlook is reasonably positive, said a top official, adding that 2021 should be about clipping coupons in fixed income and finding capital appreciation in stocks with strong earnings growth. Maurice Gravier, Chief Investment Officer, Emirates NBD Group, was speaking at a media briefing, commenting on the global investment outlook report titled “The Age of Magic Money” released by Emirates NBD. Gravier explained his investment strategy against the backdrop of the unprecedented events of 2020 and their impact on financial markets. The CIO and his team remain confident in imminent economic recovery boosted by widespread distribution of the vaccines and governments’ fiscal stimulus amidst a low interest rate regime supporting elevated valuations.