How should global investors interpret recent events in China, and what can they expect for early 2017?
Investors should take note of the low absolute yields which many “cash equivalent” assets offer, in both absolute and relative terms.
With deregulation seemingly high on the agenda for President-elect Donald Trump, the fate of the Department of Labor’s “fiduciary rule” is now unclear.
Each of the six Republican presidents since the Second World War presided over a recession, and some more than one.
Italian banks are burdened by bad loans, but we believe the cost to revive the banking sector is manageable.
Banks are likely to be among the primary beneficiaries of President-elect Donald Trump’s agenda of fiscal expansion and financial deregulation.
Ever since the Conservative government came to power in 2010, one of its key policy goals has been reducing the annual government deficit to achieve fiscal balance.
Municipal investors are now mulling what the shifting policy agenda under a Donald Trump presidency and Republican Congress could mean for their portfolios – and we see opportunities for active management amid the related volatility.
Now that we have clarity on the U.S. election and seem to be on the precipice of a Fed hike, it is time to refresh the rules for investing for capital preservation.
A more differentiated view of the potential long-term economic and policy consequences of President-elect Trump must take on board both the considerable uncertainties still surrounding the next U.S. administration’s economic policies and the global links between economies and markets.