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Full impact of US housing recovery to be felt in 2016

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The burgeoning strength of the US housing market recovery is helping drive performance but its true impact may not be felt until two or three years down the line, according to Pictet’s Gabriel Micheli.

Most notably in ancillary industries such as lumber Micheli, who co-runs the Pictet-Timber-I fund, says there is still a two-to-three year lag until the full benefits of a strengthening in this market will be felt.

Alongside co-manager Christoph Butz, Micheli was noted for his strong performance in the basic industries sector in Citywire Global analysis undertaken before Christmas.

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