The Big Question

THE BIG QUESTION

We ask industry experts.... What is the new normal?

Jim Stride, head of UK equities, AXA Investment Managers Benjamin Franklin wrote the only certain things in life are death and taxes and since the rest is uncertain there can therefore be no "new normal." Black swans abound. Thus far in 2010 the Icelandic volcano eruption; the formation of a Con-Lib coalition Government; and the BP oil spill in the Gulf of Mexico arguably all fall within ‘extreme' low-probability events. In this environment, asset managers will remain vigilant to the fallout from the credit crisis - stabilisation of banking sector capital and liquidity; and sovereign...