Amundi chief pays close attention to three cycles to determine equity market view

Head of Equities at Europe’s largest asset manager Kasper Elmgreen takes defensive stance on equities -- but is eyeing up potential in the muddy waters, he tells AMWatch in an interview.

“I expect that it will not be a V recovery, but a slow U recovery. The important factor will be the results of the reopening, as well as how consumers feel in terms of fear and confidence. I don’t think the fact that so many Americans have lost their jobs in so few months should be underestimated," says Kasper Elmgreen. Photo: PR / Amundi

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