Federal Reserve

Bill O'Neill, head of chief investment office of wealth management research UK at UBS Wealth Management, has warned there are three key 'nasties and traps' to watch out on the way to global economic recovery.

INVESTMENT TRUSTS

US

PROPERTY

Alliance Trust has suffered a slowdown in returns in the third quarter which it said was due to its high allocation to US equities.

The US Federal Reserve has yet again kept its bond buying programme unchanged, in a move that signals a less optimistic outlook for US economic growth.

Bertrand Cliquet, fund manager of the Lazard Global Listed Infrastructure Equity fund, explains why infrastructure asset prices in North America are materially overvalued.

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