Invest in the world's largest economy
You will look long and hard to find a country that tackles crises as quickly as the United States of America. In 2009, the US economy contracted by 3.5% - but, by the start of 2011, gross domestic product had already reached prerecession levels. The Euro-zone, according to estimates by the European Commission, will have to wait until at least 2013 to achieve this, and probably much longer in the periphery.
The United States of America are, and will continue to be, the world's leading economy. With output nearly triple that of the number 2 and 3 economies (China and Japan), it is plain to see why US Treasury bonds are considered to be the surest of safe havens. And, neither partisan bickering in the Congress nor a loss of the AAA rating from S&P can do anything to change this fact. There can be little doubt that the USA will make good on its sovereign debts – unlike in Europe, where even solid economies lose their creditworthiness when their neighbours make mistakes.
Stable US economy
"We are quite optimistic about the prospects for the US economy. Despite factors of uncertainty with respect to tax policy, upcoming presidential and congressional elections and the impact of the crisis in Europe, the economy of the USA is expected to grow by roughly 2% in 2012. For the euro zone, meanwhile, we expect a period of mild recession."
Franz Wenzel - AXA IM Investment Strategist
AXA WF Framlington American Growth
Growth – but not at any price
An experienced fund manager, discipline and a time-tested concept are the keys to success for AXA WF Framlington American Growth. Stephen Kelly is dedicated to growth, but not at any price – as shares of strong growth companies are often very expensive.