Chatfeild-Roberts: A major inflection point is upon us

Emerging markets now face a "cyclical point" in their development as the impact of loose monetary policy around the globe begins to wane, according to Jupiter CIO John Chatfeild-Roberts.

Chatfeild-Roberts (pictured) and team, who manage Jupiter's £9bn Merlin multi-manager range, said an end to falling interest rates is set to bring with it the curtailment of a 25-year "disinflationary tailwind". "It is fairly clear that we are close to, maybe even beyond, an inflection point in a number of global themes that have been in place for many years, if not decades," they said. The Merlin team emphasised that does not mean rate hikes are on the horizon, but warned an uptick in inflation remains a "present danger". Just as notably, emerging market nations will come under re...