Story by: Sharon Flaherty, FTAdviser
The current economic slowdown will be longer and more painful than previous downturns with the recovery to be led by the US and Asia, the Chartered Insurance Institute (CII) warned.
Fund managers have tipped the US to be the the top performing region in 2009, predicting that blue chips would be the sector most likely to outperform for the third year running.
Corporate earnings and economies will contract, dividends will be cut and interest rates will approach zero in most major nations over the next year, according to the manager of the UK's oldest investment trust.
Equity income fund to be invested in large and mid-cap stocks
The US must abandon its attempt to bail out its ailing motor industry and car companies General Motors and Chrysler, as any plan would only delay their inevitable collapse, according to Simon Ward, economist at New Star Asset Management.
Beijing-based Lowes Wealth Management looks set to boost its UK presence significantly in 2009 with the possible roll-out of a number of funds to accompany its recently launched Elite LWM East-West Value fund.
US banks will start lending again in the next 12 months, leading to a resurgence in the sector worldwide, a property fund manager has claimed.
Large global companies such as Microsoft and Hewlett Packard will lead the way when the US market starts to recover, Scottish Widows Investment Partnership (SWIP) claims.
The US is the equity market of choice for the majority of IFAs, according to a survey by JPMAM.
US banks could present a good investment opportunity once the housing market has stopped its decline, according to Henderson Global Investors.
Despite 2008's financial shocks, it's worth sticking around and carefully taking advantage of present market conditions
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