Which will evolve and which will wither?

As multi-asset managers, we have historically been overweight to corporate bonds and specifically the financial sector ever since the Global Financial Crisis.

In 2020, five people will enter the growing global middle class every second, reinforcing the secular, long-term appeal of discretionary consumer spending, and consequently, the luxury sector.

Bond markets price in prospect of a 25bps rate cut

Steady progress in growing per capita income

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Industry's role in improving the world more vital now than ever

We continue to expect volatility in financial markets to rise substantially at some point.

The most popular phrase of last year revealed

Emerging market (EM) local currency debt looks set to extend gains in early 2020, as contained trade war fears and ample liquidity sustain investors' hunt for yield.