Cazenove's Mui: Five reasons to be positive in 2019

Weaker dollar and lower oil price could help investors

Janet Mui, global analyst at Cazenove Capital Management

Janet Mui, global analyst at Cazenove Capital Management

Markets are fearing the worst, but these five trends might turn out for the better this year.

2018 has been the worst year since 1901 in terms of declines across a broad base of assets. Research by Deutsche Bank found that, across a sample of 70 global asset classes, 90% produced a negative return in 2018 in US dollar terms, surpassing the previous worst-ever year, 1920, where 84% lost value. Which will be the best performing asset class over the next five years? The regime change from quantitative easing (QE) to liquidity withdrawal is a key factor behind this striking pattern of declines. It is exacerbated by concerns about trade disputes and a weakening global economy. ...

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