It is shaping up to be an eventful year for investors with January alone presenting two unforeseen events – an escalation in US-Iran tensions and fears about the impact of the coronavirus outbreak.
This combined with the upcoming US elections, trade-war uncertainty and the low-growth environment presents an assortment of risks for investors to consider. S&P forecasts hit to China's economic growth in 2020 from coronavirus The policy U-turn by the major central banks has extended the credit cycle and our base case assumption is that they will remain accommodative for the foreseeable future. As a result, yields have collapsed for higher quality fixed income and this provides support to our bearish view on investment grade credit, as we believe it is exceptionally rich at curren...
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