Investment Outlook

Investment Outlook August 2017

10 August 2017

A series of comments from major central banks during the month, reminded investors that accommodative monetary policy is only temporary and a stimulative measure, not for the long term. Throughout the year we have witnessed…

Ready, steady, “Brexit”!

1 July 2017

Almost a year after Britain’s referendum on leaving the European Union, the formal Brexit negotiation began on June 19th. The often quoted distinction between "Hard Brexit", "Soft Brexit" or "No Brexit" has become indiscernible and…

Looking for a catalyst ?

1 June 2017

The escalation of U.S. political uncertainty has increased the odds of a correction in risk assets. Bond yields and the dollar have dropped in anticipation of weaker economic activity and the Fed becoming less aggressive,…

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…