Video Update: GuardCap Global Equity – October 2023
In his latest review, Michael Hughes discusses how cyclical influences may dampen economic growth next year. In contrast, when markets have factored in a slightly difficult outlook (as they did over Q3), the Fund’s stocks have tended to outperform, as changes in the economic outlook do not greatly influence these companies’ earnings. He wraps it up with a quick overview of a recent study that suggests that artificial intelligence could raise annual global GDP by around 7%.
