Equities

Essential part of the world economy

Ability to generate uncorrelated returns

Reform a 'gargantuan' task

Three key elections ahead

Likes healthcare and technology

Three-year rolling numbers 'worst period'

Mike Della Vedova, portfolio manager of the T. Rowe Price European High Yield Bond fund, names five key metrics in the European high yield universe this year.

Donald Trump's style may be direct and unpredictable, but the rediscovery of a belief in leadership should help boost animal spirits, consumer confidence and the economy, argues Richard Woolnough, manager of the M&G Optimal Income fund.

Trump will cause first 'zigzag'

Took bearish positions post-election