US stocks have had a chance to finish 2017 in style, as the economic recovery that started two years earlier received an additional boost from the much-publicised breakthrough on tax reforms.
Focused on asset liquidity and credit quality
Markets have realised they have a new concept of risk to play with: idiotic risk. Largely unquantifiable, we see many shining examples, whether in North Korea, the White House or No 10.
With increased market volatility and the impact of global political events, Legg Mason's Gary Herbert explains why investors need to watch out for liquidity red flags in many areas of the fixed income market
Further work is needed
Concerned about FANG stock valuations
In regulator's Sector Views paper
Follows FCA evidence of 'moderate' decline in liquidity
FCA opens discussion on further 'regulatory intervention' for open-ended funds investing in illiquid assets
Follows last year's property fund suspensions
Publishes 14 recommendations
Quick-fire interview with AXA IM's Porter: How transition to 'inflationary mindset' could impact bond liquidity
AXA IM's global head of fixed income John Porter talks to editor Katrina Lloyd about the significant pockets of volatility which could open up as investors move away from a deflationary mindset, and why overinvested assets could suffer the greatest liquidity...
Not meeting regulator's expectations
Move follows previous transparency and liquidity issues
For the first time in many years, central banks' mettle is about to be tested. This will happen most obviously in the US and UK but also in the eurozone.
Do they have the right tools to protect investors?
Risks to financial stability
Newly created role
UCITS passport 'critical' for EU distribution
Multi-asset managers reveal how they are turning to 'hedge fund-like' liquid alternative strategies in 2016, in a bid to protect portfolios and generate returns across the market cycle. Hardeep Tawakley reports
Also reviewing corporate bond liquidity
Last month's paper on corporate bonds
Was head of structured finance
'Liquidity improved' claims at odds with managers
Findings come from occasional paper