For many the Global Financial Crisis is a distant memory, having just seen the longest bull market in history. These extraordinary gains were achieved despite a difficult economic and political backdrop over the past decade. Recently the prospect of trade wars, a surging US dollar, rising interest rates and the withdrawal of stimulus by central banks have rattled - but (so far) failed to derail - the bull run. While the S&P 500 has rallied some 300% from its March 2009 bottom, Europe has lagged.
Though some commentators have favoured Europe, citing factors such as attractive valuations and improving earnings, employing this strategy would have failed to generate comparable equity returns. ...
Partner Insight: In this environment, a well-resourced credit research team is essential and having traders to keep check on markets is very helpful too, according to Fidelity fixed income managers Sajiv Vaid, Peter Khan and Kris Atkinson
Impact of political turmoil and Brexit
Latest Incisive Works research
In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
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