As global stockmarkets soar to record highs, where are the best opportunities?

Stephen Anness, manager, Invesco Perpetual Global Opportunities fund How worried should investors be about support for shares at current levels? Despite periods of heightened volatility and steep declines at the start of 2016 and post the EU referendum in June, equity markets have managed to repeatedly rally year-to-date, reclaiming losses, while hitting new all-time highs along the way, most recently in August. From our perspective, however, equities no longer look 'cheap' at a headline level. What is interesting to note is the significant valuation bifurcation between those sectors...