Kames Capital: Four big headwinds for investors in 2016

Concerns about sterling and gold

Investors will need to navigate a number of headwinds in 2016 as they adjust to a divergence in monetary policy, slowing global growth and steep equity market valuations, says Patrick Schotanus, investment strategist at Kames Capital.

Other significant challenges include a potential Brexit from the European Union, and continued volatility across fixed income assets if rates - and inflation - rise faster than expected. Here are Schotanus' four big headwinds which investors need to be aware of as they seek to maximise returns next year:   Sterling The debate about Britain's membership of the EU is likely to come to a head in 2016, amid a shift among the electorate towards an exit vote in the wake of the migrant crisis this year. Combined with the UK's twin deficit - the current account and budget deficits no...