Equities

"Expect the unexpected"

Closing on 10 May

Overweight Scandinavia

2.1% holding in his Finsbury trust

Transfixed by Trump, Brexit and Le Pen, it is increasingly obvious that we have all become too addicted to banging on about the macro and politics.

EMs saw significant ETF inflows

IA lowered the yield hurdle from 110% to 100%

Improvements in AI are pushing the boundaries

There has been significant momentum behind Asian markets in recent months. The MSCI AC Asia ex Japan rose 13.4% in US dollar terms during the quarter, the best start to the year since 1992.

Recent geopolitical turmoil and concerns about the Trump administration's ability to enact promised fiscal reforms have led speculators to push up the yen versus all currencies once again.