Roadmaps are incorrect most of the time, but they are useful to find direction. The roadmap for the next decade is applied in the investment exposures of AC Vision Fund. The key drivers for the direction are productivity growth, number of persons in employment and inflation. 30 years ago these factors added up to 8-10%, while in 2030 they are more likely to add to 4-5%. Consequently, earnings growth will be lower than in the past and same goes for stock market investment returns. AC Vision focus on the growth pockets.

Roadmaps  library