Michael Arends – The Boston Company Asset Management, a BNY Mellon company
George Saffaye – The Boston Company Asset Management, a BNY Mellon company
By Esther Armstrong, BNY Mellon Investment Management
Why has performance suffered this year?
With the US economy stabilising over the past few years since the financial crisis, and a December rate hike looking increasingly more likely, the US recovery is underway.
There has been an increase in growth rate volatility, uncertainty of currency direction, and lack of clarity on interest rates this year, writes Douglas Burtnick, Aberdeen's deputy head of North American equities.