Portfolio Manager David Eiswert says it’s becoming increasingly valuable to own disruptive companies gaining market share, even if they trade at a premium.
An ongoing cycle
The team’s outlook for the global economy is informed by a view that the world continues to pass through an ongoing cycle of Crisis, Response, Improvement and Complacency.
Where are we now?
The world is now moving out of stimulus-driven Complacency and back into the Crisis and Response phases.