The five key issues to shape the rest of 2012

Guy Monson, CIO & managing partner at Sarasin & Partners, looks beyond the eurozone and identifies the other key themes that will affect investment decisions over the next six months.

A brave commentator might suggest that investors are finally losing their near two year fixation with the eurozone drama. Even before the rally on Friday 29 June following the EU leaders summit, global equities had managed to rise during the month (after an admittedly very tough May) while volatility remained surprisingly muted throughout the latest crisis. Soaring bond yields in Spain and Italy in the middle of last month seem also to have lost their ability to hold the rest of the world’s investment markets to ransom. Spanish yields touched 7% and Italian yields exceed 6%, but lo...