US

The fact that this morning many comments focus on the so-called increased probability of a rate hike this December completely misses the point, writes Raphael Pitoun, CIO of Seilern Investment Management.

Last raised rates in December 2015

Third Luxembourg-domiciled vehicle

Corporate earnings drive returns

Possible pricing changes

EM managers fared better

Lael Brainard said case to tighten is 'less compelling'

Data shows clear Trump win

Value investors have been forced to endure a prolonged period of underperformance, as extreme market dislocations caused by central bank policies have boosted the appeal of growth counterparts.

GSAM's Andrew Wilson, EMEA CEO and global co-head of fixed income, takes a closer look at reasons to be concerned about the US market.