We’re in an average recessionary market, but that doesn’t mean there aren’t opportunities, argues Pendal’s CHRIS LEES in this fast podcast.

“If you don't think there's a banking crisis coming, then it's actually time to gently start buying again, and that's what we're doing," says Chris.

“We think that we're in a normal recessionary bear market. We're not going into, we think, a global banking crisis market.

“Therefore equity markets around the world are probably in a double-bottoming process.

“So there are opportunities now for us to start adding into our funds for our clients.”

Chris co-manages pend.al/globalselect with Nudgem Richyal. The pair have been working together in global equities investing for more than 20 years.

Pend.al/globalselect is a global equities portfolio with a distinctive, yet proven approach.