Investment Outlook

Geopolitical Event Risk – High on the Agenda

1 May 2017

It’s been an eventful start to Q2 2017. Capital markets have absorbed further US tension with Middle and Far-Eastern countries, they have faced mounting uncertainty and hype surrounding a change in leadership for the French…

Economy plays deep forward pass.

3 April 2017

The apparent divergence between upbeat global economic growth prospects and the somewhat muted investor risk appetite reflects the unique character of the current investment cycle and the limited number of compelling absolute return options for…

…it’s the economy!

1 March 2017

Since mid-2016, global growth has been improving and more synchronized. With manufacturing activity rising in the U.S., China and the Euro area, this has generated a self-reinforcing element that had previously been lacking. Corporate profits…

Politics take centre stage

2 February 2017

After a solid rise into yearend, most global markets have moved into a digestion phase. The earlier strong advances in the U.S. dollar and bond yields have recently paused, which we view as a positive…

Investor confidence on the rise

11 January 2017

Perhaps the most noteworthy development has been the major shift in investor sentiment. After spending years viewing the world through bearish lenses, investors have become more upbeat on the outlook for global growth. Indeed, market…

The unpredictable Mr Trump… Triumphs

1 December 2016

The US Presidential race has been a dominating theme of late and finally came to a head during the month. A surprise to many, the new President-Elect is an outspoken businessman and reality TV star.…

All eyes on the U.S. Presidential election

1 November 2016

Markets anticipated Hillary Clinton winning the U.S. Presidential election. The reaction to Donald Trump’s victory however was an initial knee-jerk reaction with financial market’s tumbling by around 5% on the day following the election. During…

Fed stays put as U.S. election approaches

1 October 2016

Markets have become overly dependent on continuous liquidity support and seem to be obsessed with the question over the exact timing of the Fed’s next interest rate hike, whereas whereas in fact the next rate…

Fed policy stays in focus

1 September 2016

Global capital markets have so far successfully absorbed the potential blow of the U.K.’s referendum to leave the European Union (EU). Initial data from the euro area economy indicates no meaningful fallout, while the U.S.…

The Brexit Fallout

1 August 2016

Financial markets have been taken hostage by the ebb and flow of announcements related to Brexit. U.K. politics are in a state of chaos and the Bank of England is scrambling to fill some of…