When the previously unprecedented becomes an almost normal share market
Low interest rates and the likelihood they will fall further mean current stock prices are only modestly expensive, says Nikko Asset Management's head of equities. With special feature audio.
Jenny Ruth Fri, 08 Apr 2016
Unprecedented price-to-earnings ratios have become normal in the equities market, thanks to falling interest rates, says Nikko Asset Management’s head of equities.
The average forward price-to-earnings ratio is about 19 times earnings currently, much the same as this time last year.
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