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March 2017

Opinion Happiness Runs

A client asked me recently when the Fed or other central banks would ever be able to sell their assets back into the market. My answer was "NEVER". A $12 trillion global central bank balance sheet is PERMANENT - and growing at over $1 trillion a year, thanks to the ECB and (...)

February 2017

News The Trump Administration Poses Risks to Global Sovereigns

The Trump Administration represents a risk to international economic conditions and global sovereign credit fundamentals, Fitch Ratings says. US policy predictability has diminished, with established international communication channels and relationship norms being set (...)

December 2016

Opinion Equity markets are being complacent on Italy & Europe

According to James Butterfill, Head of Research & Investment Strategy at ETF Securities, the Italian referendum yesterday signified a worrying trend for the rest of Europe in confirming the rise of populist parties in the EU, and particularly important given that 70% of (...)

November 2016

Opinion Trump victory: a non-event for markets?

The Fed should maintain its data-dependent normalization course with a rate hike likely mid-December 2016. Fed fund futures signal the market has not changed its mind on the Fed staying dovish in 2017. Janet Yellen’s four-year mandate as chair of the Board of Governors will (...)

July 2016

Strategy Results and Prospects in Emerging Markets

Glen Finegan, Head of Emerging Market Equities, provides a detailed update on the Henderson Emerging Markets Strategy, covering recent market drivers, performance and activity, and his outlook for the asset class.

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