Don't confuse growth with returns, says Aberdeen AM

  Investor assumptions that economic growth will naturally lead to greater market returns are not necessarily correct, Aberdeen Asset Management has argued. Instead, other factors such as interest rates, sentiment and cash flow matter more to a stock price return, said Richard Dunbar, London-based deputy head of global strategy. “Whenever we give an investor presentation, the preamble tends to be what we think about the global economy or the economy we are investing in. There’…