Fisher Investments Capital Markets Update

Latest update from Fisher Investments' Investment Policy Committee details their market and macroeconomic forecast for the period ahead

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Fisher Investments

Apr 08, 2011, 01:48 ET

WOODSIDE, Calif., April 8, 2011 /PRNewswire/ -- Fisher Investments released its latest Capital Markets Update video—a roundtable discussion with the five members of the firm's Investment Policy Committee (IPC)—outlining their forecast for the balance of 2011 and answering some common investor questions.

While the full video is reserved for Fisher Investments' private clients, a preview is available on the Fisher Investments YouTube channel and provides a brief glimpse into the firm's outlook. The full Capital Markets Update video offers much greater detail on the firm's view of global market conditions, current events impacting financial markets, geopolitical issues, and portfolio positioning from the firm's top investment decision makers.

"We think 2011 will be very different than recent years. In any of the last four years, getting market direction right was most important. You either got that right or you got that wrong. We think this is a year where... the market may not end up having gone very far one way or the other by the end of the year—most likely up a little—so getting more granular decisions right will be more important than broad market direction," says CEO and Chief Investment Officer Ken Fisher.

In Fisher's view, the last two years have been part of a "V"-shaped recovery, where the worst-performing categories of stocks in the back half of the bear market bounced the most off the bottom. He continues, "2011 is likely to be a transition year for markets, and in our view, industry-specific drivers supplant the more macro drivers that have dominated for the past several years. This increases the likelihood that you need to make stock picks better, that you need to make your bets better, and you can have a perfectly fine year if you do that."

The Capital Markets Update video is one of the many resources available to private clients. Fisher Investments prides itself on its world-class service model where clients have access to continuous education in a variety of formats including quarterly reviews, weekly updates, videos, websites, live seminars, and dedicated investment counselors.

Twice a year Fisher Investments releases its Capital Markets Update, which features the firm's five-member Investment Policy Committee (IPC): CEO and Chief Investment Officer Ken Fisher, Vice Chairman Jeff Silk, Vice Chairman Andrew Teufel, and Research Managers Bill Glaser and Aaron Anderson. Collectively, the IPC oversees Fisher Investments' portfolio strategy, in-house research efforts, portfolio engineering, and capital markets technology development.

To access a preview of the Capital Markets Update and other videos, visit the Fisher Investments YouTube channel at http://youtube.com/user/fisherinvestments/.

About Fisher Investments

Founded in 1979, Fisher Investments is an independent, privately owned money management firm overseeing more than $43 billion (as of 3/31/11) across two principal business units, Fisher Investments Institutional Group and Fisher Investments Private Client Group. Together, these groups serve a global client base of diverse investors, including over 100 large institutions made up of corporate, public and multi-employer pension funds, foundations and endowments, insurance companies, healthcare organizations, governments, and over 20,000 high net worth individuals. Founder and CEO Ken Fisher has written the Forbes "Portfolio Strategy" column for 26 years, has written 7 books on investing and personal finance (4 of which are bestsellers), was recently named by Investment Advisor magazine as one of the 30 most influential industry individuals in the last 30 years (Thirty for Thirty, May 2010). For more information visit http://www.fisherinvestments.com/.

Contact: David Eckerly, +1-650-529-6166

SOURCE Fisher Investments