North America

Rallied last year

Politics distracting from strong economy

Rapid improvement on 2016

Co-manager Tony DeSpirito to take over North American Income trust

Proposed lower taxes and cash repatriation

Fed expected to raise rates twice

Particularly small cap and domestic companies

The transition to a Trump presidency this month, for all its Sturm und Drang, marks several important and bullish transitions for stockmarket investors. Expectations are high, but these trends could lead to an extended favourable climate for US equity...

Credit as an asset class has historically delivered reliable returns across the cycle. Last year's returns in global credit were exceeding 6%, writes Vontobel's Christian Hantel.

Net retail sales of £583m as investors 'tempted' back in