Equity Markets Still Offer Value Despite Recent Rally

Despite equity markets enjoying the fourth-biggest rally since the Great Depression, value can still be found in select stocks, notes a research report from PIMCO. Virginie Maisonneuve and Anne Gudefin of PIMCO in their September 2014 research report titled: “Equities: Finding the Path to Value” point out their generally sanguine view on valuations stems from their new Neutral outlook for the next three to five years. Equity markets: Pockets of opportunity The PIMCO analysts point out that despite equity markets rallying over the past five years, there are a number of companies in Europe where market valuations have lagged those…