Lower growth, lower interest rates, lower investment returns; these have been familiar phrases as the global lower-for-longer environment continues. However, the doom and gloom may be teetering off, as infrastructure spending beings to rebound across the planet. Locally, this can be seen through the road, rail and airport projects being pushed through New South Wales and Victoria, as well as a welcome recovery in non-mining investments. So, while lower-for-longer continues; UBS Asset Management posits that we are seeing certain markets begin to rebound.
This article was first published by UBS Asset Management.
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