BERWYN, Pa.–(BUSINESS WIRE)– Investment managers may not be financial palm readers, but investing is a forward-looking profession. And according to a letter to clients from Bob Turner, chairman and chief investment officer of Turner Investments, successful investing involves a combination of research and reasonable speculation about probable future economic and stock-market catalysts.
Based in Berwyn, Pennsylvania, Turner Investments was founded in 1990 and offers growth, global/international, and long/short investments in stocks to both institutions and individuals. Turner manages more than $13 billion in assets, as of December 31, 2011.
In the letter, Bob Turner cited three financial developments as having a high probability of materializing in 2012:
One, corporate profits are likely to remain at record levels.
Two, the stock market could advance more than anticipated as macroeconomic concerns wane. He noted, “Although market sentiment was overwhelmingly pessimistic last year, that can change quickly; a dollop of good news could be all that’s needed for sentiment to suddenly turn positive and send the market spiking higher this year.”
The consensus of Turner’s Investments Team is that the global stock market, as represented by the MSCI World Index, could rise about 7% (compared with a 5% loss last year), and the SP 500 Index of U.S. stocks could perform better than that.
Three, the decade-long outperformance of commodity-related stocks may be ending, and select technology, consumer, and financial stocks could have their chance to shine going forward.
To read the letter in its entirety, click on this link to the Turner Investments Web site: . Or call 484.329.2407 for a free copy of the letter.
The views expressed represent the opinions of Turner Investments and are not intended as a forecast, a guarantee of future results, investment recommendations, or an offer to buy or sell any securities. There can be no guarantee that Turner will select and hold any particular security for its client portfolios. Earnings growth may not result in an increase in share price. Past performance is no guarantee of future results.
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