Funds & ETFs 

Valuation is a 'terrible predictor of stock market performance'

Valuation is a 'terrible predictor of stock market performance'

Rathbone Global Opportunities (GB00B7FQLN12) is a global fund but at the end of June had nearly 60 per cent of its assets in the US. Its benchmark, FTSE World index, has a similar weighting to the US but Rathbone Global Opportunities is an active fund – as its outperformance of this index demonstrates. And many other active investors believe the valuations of this market are too high so are focusing elsewhere. 

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