Global macro update: Risks and opportunities for early 2015

Matthew Beesley provides an update on global risks and opportunities for early 2015. In general, a good environment for equities is often one in which corporate profitability is growing, and corporate profitability is likely to be growing when GDP growth is present in the world. With a forecast for 2015 of GDP growth globally at 3%, Matthew suggests there are many attractive companies that may deliver decent earnings growth; particularly those companies that have valuations priced for a more disappointing outlook. Matthew seeks to offset risks to the downside by selecting companies where that risk is already adequately reflected in the price.