Hunker down or full steam ahead?

Re-evaluating portfolios for H2 2018

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Jordan Sriharan of Thomas Miller Investment
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Jordan Sriharan of Thomas Miller Investment

2017 could easily be characterised as 'risk-on' for financial markets. Buoyed by synchronised global growth, a phenomenon not seen since 2007, investors threw caution to the wind and bought into the riskier asset classes.

Emerging market debt, Asian equities, high yield, and commodities (to name a few) all saw strong returns in 2017 as multi-asset investors reached for opportunities to improve returns on their portfolios. UK Outlook: It's Not Just Brexit Fund managers were in similarly bullish mood, talking up their opportunity set with an optimism that could be mistaken for irrational exuberance at the top of the cycle. Equity and fixed income managers alike positioned portfolios for a global economy that was firing on all cylinders.  In 'equity-land', even value names (or perhaps more accuratel...

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