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Against a backdrop of fragile and dispersed growth and significant policy headwinds on the fiscal side, ING Investment Management (ING IM) believes that these high yielding asset classes will benefit from continued healthy underlying fundaments, improving corporate confidence and data surprises and strong conviction of its bottom-up analysts. Valentijn van Nieuwenhuijzen, Head of Strategy, ING Investment Management says: 2012 will continue in much the same vein as the tail end of 2011, populated by the well-known challenges that remain for the global economy and instable financial markets. We predict that policy direction will remain uncertain in the problem zones, including Europe, US housing and Chinese real estate. Caution is needed when it comes to investor positioning and...
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