Fresh off another year of gains in the category, Jennison’s Blair Boyer finds reason for continued confidence in the growth-equity outlook albeit more muted versus the past couple of years. Amid mixed market conditions and expectations for a more moderate economic backdrop, he explains why companies able to maintain earnings strength despite shifting conditions should be well-positioned for the environment ahead.
Investing involves risks. Some investments are riskier than others. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, and political and economic uncertainties. Investments in securities of growth companies may be especially volatile. Due to the recent global economic crisis that caused financial difficulties for many European Union countries, eurozone investments may be subject to volatility and liquidity issues. Illiquidity risk exists when particular investments are hard to sell; geographic concentration can result in more pronounced risks based upon economic conditions that impact one or more countries or regions more or less than other countries or regions; and derivative securities may carry market, credit, and liquidity risks. Emerging markets are countries that are beginning to emerge with increased consumer potential driven by rapid industrial expansion and economic growth. Investing in emerging markets is very risky due to the additional political, economic, and currency risks associated with these underdeveloped geographic areas. Past performance is no guarantee of future results.
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