- Equity Strategist
Australia & NZ, Institutional
Change
The views expressed are those of the authors at the time of writing. Other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, or accredited investors only.
As we move toward the second half of 2024, expectations of a hard landing have shifted to expectations of a soft landing, and perhaps no landing at all. In the first half of the year, global equities delivered strong positive returns, with economic momentum widening beyond the US to include Europe and China.
However, US equity markets remain highly concentrated, despite some signs of increased breadth. We are also watching small-cap stocks, which have not been this undervalued relative to large caps since the dot-com bubble — and which may be better placed to realize the potential of AI faster than large caps.
Outlook content
Showing
of
Insights Posts
Beyond US large cap: Where now for equity investors?
How should investors navigate a narrow market? Looking ahead to the rest of the year, Macro Strategist Nicolas Wylenzek examines the structural backdrop and Equity Strategist Andrew Heiskell shares his view on equity opportunities to watch.
9
min
Article
2025-06-30
URL References
Related Insights
Related content
Factors to consider when allocating to US small-cap stocks
European elections: all change for equity investors?
Small-cap stocks: Watching for mean reversion, technology diffusion, and the next inflection point
What could change the trajectory of value stocks?
As India goes to the polls, is the case for Indian equities still compelling?
Experts
- Head of Multi-Asset Strategy
- Equity Portfolio Manager
- Macro Strategist
- Equity Portfolio Manager
- Equity Portfolio Manager