SEB track growing global growth with low inflation, which is considered to be favorable for equities.
According to a press release based on SEB Investment Outlook for June 2015th
Shares are expected to have the highest expected returns, followed by corporate bonds and alternative investments. Worst return expects the bank from government bonds.
In the section Nordic shares points SEB to the earnings outlook has stabilized during the past six months, which “gives credibility to our forecast of a 16 percent profit growth in Sweden”.
Even in Finland and Denmark is expected to good growth, with Norway still weighed down by lower oil prices, writes SEB.
“Higher profits and the recent stock market rebound has pressed the P / E ratio from the previous peak levels and the risk premium in Swedish equities are now in line with the average of the past 10 years. Even after the recent decline, the P / E ratio is still high in a närhistoriskt perspective, “writes SEB.
SEB says it preferable growth, where profits can be expected to grow up with prevailing values and compensate for a possible upward adjustment of the yield in the long term.
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