Not a 'risk-free' asset
It has been well documented how momentum and growth investing have outperformed value as an investment style for most of the past decade.
Trade disputes, dollar strength and extensive currency depreciation in Argentina and Turkey (both with large current account deficits) have weighed on emerging market (EM) sentiment in recent months.
We meet management teams from companies across Europe and they continue to report a positive trading environment.
The North American Free Trade Agreement (NAFTA) governs the trading relationship between the US, Canada and Mexico.
Potential to be a growth stock
US in 'tightening' mode
Global equity markets are closing in on the tenth anniversary of the global financial crisis.
Inflationary pressures in Europe
How important are shareholders to a business? Normally, very important.
In recent months, investors have reacted to a perceived bout of increased uncertainty in global markets as the short-term mood has shifted from one of championing synchronised global growth and reflation to one more of nervousness around emerging markets...
Rise of mobile games
Fed cutting down on bond purchases
Offer meaningful upside
An 'ongoing reform effort' in China
Planning for radical changes in coming years
It has been a turbulent few years for UK income investors.
In client meetings, it is usual to be asked about what we are worried about.
Everyone likes low prices, but if I said to you the level of Japanese consumer prices are now at the same level as way back in October 1998, then correctly you would conclude something is not quite right.
The UK macro landscape is anything but settled. As Brexit D-Day fast approaches and signs of any tangible progress yet to materialise, markets are gearing up for a prolonged period of uncertainty and confusion.
Geopolitical tensions rear their head in a meaningful way at least once a year, as a number of concerns join forces to generate headlines.
European credit markets were hit this year by the rise in global trade tensions, a sudden spark in equity volatility and further political risks in Europe, mainly Italy.
The US administration appears to be targeting export-oriented entities out of China.
We expect the Federal Reserve to maintain its gradual tightening as the US economy extends its growth phase, with short-term rates likely to rise at least three more times to reach 2.5% by next year.