Political uncertainty an issue
Japan (Topix) is doing well this year in US dollar terms, up 12% compared to 11% for the S&P 500 and 13% for the MSCI World index.
ETF Securities has analysed the effectiveness of a seasonal approach to investing in asset classes and found evidence of potential success from such a tactic within the commodities space.
Follows launch of multi-asset vehicle
While the MSCI Frontier Markets index formally classifies some 23 countries as 'frontier' markets, there are actually around 160 countries that do not feature in developed or emerging market indices which could be considered frontier.
Julian Howard, investment director in GAM's Multi-Asset Class Solutions team, analyses the implications of elevated equity valuations and falling earnings for investors