Fortress Fund Managers have advised Barbadians to be selective and continue to pursue attractively valued investments in the current economic climate.
This advice was given recently at the 8th Annual Fortress Investment Forum at the Frank Collymore Hall, which focused on regional and global investment updates, as well as the performance and outlook for Fortress’ range of funds.
Investment Director at Fortress, Roger Cave, summarised the investment climate, noting, “The last quarter of 2017 was another strong one for the Fortress Funds and capped a year of solid performance. Our equity investments performed especially well as the bull market continued in Jamaica, and most global markets responded to improving economic growth and rising corporate profiles. International and emerging markets had a great year and continue to offer up many well-valued stocks priced for meaningful future returns. We remained well positioned in these areas.
“What will 2018 bring? We believe that return prospects are still good, but a repeat of 2017’s gains is unlikely. It is also important to remember that the higher prices go, and the better the news gets, the greater the risk of a short-term market correction.”