Despite Schroders' positive prognosis for growth, portfolio manager Ugo Montricchio thinks equities, government bonds and corporate bonds are very expensive, writes the Danish financial media Finans.
"Everything looks expensive right now. Equities are expensive, especially in the US. Government bonds seem expensive. Corporate bonds look expensive. But you get a negative return on cash. As long as there's economic growth, we must find something out there that give us a return," Montricchio says to Finans.