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Thursday, January 05, 2006
Oppenheimer Sees Four Drivers of Investment Returns in 2006 and Beyond
According to investment executives at OppenheimerFunds, changes in the behavior of leading market participants and structural changes in the stock and bond markets have resulted in an extreme focus on short-term investment strategies and results. In this press release, Kurt Wolfgruber, Chief Investment Officer at OppenheimerFunds, said, "Over time, we anticipate that these anomalies will be reversed, and that the investors who are willing to patiently measure results over years rather than over quarters or weeks will be rewarded." The firm identifies the following four investment themes for 2006 and beyond: corporate America spends, inflation controlled and Fed Near end of tightening cycle, the housing market slows, and foreign investors buy U.S. equities.