At an investment symposium held on Tuesday at the University Club of Milwaukee, Marietta portfolio manager Bruce Laning presented the positive case for a multiyear global economic expansion and a further, if bumpy, rise in equity prices. He pointed out that the U.S. recovery will likely be modest, due in large part to sluggish consumer spending and continued bank credit issues, whereas prospects for the leading emerging economies are much brighter. He concluded that diversification is now very important and urged attendees numbering about 50 to take a global perspective in structuring their portfolio.
