Market pullbacks are corrections in a rising trend
AMP Capital Investors' Shane Oliver says, despite their gains, equities continue to display attractive risk premiums over bonds.
It is generally agreed that, to compensate for their greater short-term volatility and risk of loss, shares should provide a return differential over a risk-free asset like government bonds over the long term, says Shane Oliver, Sydney-based head of investment strategy and chief economist at AMP Capital Investors.
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