We live in extraordinary times. The distortions caused by quantitative easing and near zero interest rate policies have been felt in just about every asset class...
For some time, commentators have been itching to call the top of the great bond bull market. They point to improving economic conditions in the developed economies, a tightening US labour market and a long-awaited normalisation of interest rate policy after many years of (...)
According to Ross Teverson, Head of Global Emerging Markets, finally, it is worth noting that, today, emerging market valuations - in terms of price to book ratios - are relatively depressed versus history. At times when valuations have been at or around these levels, strong (...)
According to Aninda Mitra, senior sovereign analyst at Standish Mellon Asset Management, the International Monetary Fund’s in-principle acceptance of the CNY in the SDR basket is, in our view, an important step in cementing the process of greater medium-term capital account (...)
According to Paul Markham, global equities portfolio manager at Newton Investment Management, for an overall outlook on equities, it’s too early to tell whether a bad start to the year can be a sign that 2016 will be problematic. However it is true that leadership of markets (...)