Zest Asset Management Markets Strategy & Asset Allocation by Maurizio Novelli CIO & Global Strategist Zest AM Fund Forum Lugano 25 Novembre 2013
Market Expectations & Consensus View Financial Strategy
Global Outlook Growth Expectations
Global Outlook - Monetary Stimulus & Growth Expectations
MSCI World Financial Strategy
Global Outlook Earnings Expectations Financial Strategy
US Interest Rate 10 y
Expectations & Reality Financial Strategy
Global Outlook Global Growth
Global Outlook Global Trade
Global Outlook Global Trade & Global Growth
Global Outlook Global Credit
QE, Global Monetary Stimulus and Economic Growth Financial Strategy
US Economic Growth & QE
QE Net or Gross and Net Effect
QE & Money Multipliers Liquidity Trap Risks on The Rise
QE & Money Multipliers Liquidity Trap Risks on The Rise
Debt Growth & GDP Growth Correlation
Global Growth & The Big 5 Drivers Financial Strategy
The Global Credit Cycle 2000-2007 Financial Strategy
The Global Real Estate Boom 1998-2007
The Debt Cycle 2001-2012
The China Cycle 2000-2012
The Global Mining Investments 2005-2012
Wealth Effect and Consumptions The American Case
US The Wealth Effect
US The Wealth Effect
US The Wealth Effect Financial Strategy
US The Wealth Effect
Where the global comsumptions are weak Financial Strategy
The Quest for New Drivers
The Quest for New Drivers
Long Term Implications
Global Outlook A Low Growth Environment
Global Outlook A Low Growth Environment
Global Outlook Just an Inventory Cycle
Interest Rates Outlook US 10y Real Yeld
USD Index
USD JPY
EUR USD
EM Flows & Valuations Financial Strategy
CHINA Financial Strategy
Hong Kong
EM Consumer Discretionary
EM Consumer Discretionary Index
Pharma & Biotech Global Index
The conventional view serves to protect us from the painful job of thinking John Kenneth Galbraith
Zest Asset Management Sicav 12, Rue E. Ruppert L 2453 Luxembourg Luxemburg
This document was produced by and the opinions expressed are those of Zest Asset Management Sicav as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Zest Asset Management Sicav to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived from sources believed to be reliable but Zest Asset Management Sicav does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. This document may not be reproduced either in whole, or in part, without the written permission of Zest Asset Management Sicav. La presente pubblicazione è stata redatta da Zest Asset Management Sicav. Le informazioni qui contenute sono state ricavate da fonti ritenute affidabili, ma non sono necessariamente complete, e l accuratezza delle stesse non può essere in alcun modo garantita. La presente pubblicazione viene a Voi fornita per meri fini di informazione ed illustrazione, ed a titolo meramente indicativo, non costituendo pertanto la stessa in alcun modo una proposta di conclusione di contratto o una sollecitazione all acquisto o alla vendita di qualsiasi strumento finanziario. Il documento può essere riprodotto in tutto o in parte solo citando il nome Zest Asset Management Sicav.