Despite much uncertainty we believe opportunities will be available for discerning investors able to take advantage of the volatility in capital markets that we expect to see in 2020.
In terms of key investment opportunities we have ‘high hopes’ for the music royalty sector. We see this as a pure play on music streaming, given the stable revenues it appears to provide, irrespective of the economic cycle. We also anticipate further growth in the music streaming industry.
Looking ahead, we expect this, renewables and other real assets to deliver attractive and stable returns through what we believe will be a volatile backdrop for equities and anaemic returns for bond markets on a longer term basis.
Paul Flood, multi-asset manager, Newton Investment Management.