QE facilitated transfer of risk
Expect an average TSR of 5.6% over the next three years
US rates heading below 0%
Fell by $4trn since January 2018
The US economy is on its way to experiencing the longest growth cycle in history. The Federal Reserve has raised interest rates eight times since December 2015 in an effort to normalise monetary policy, and this has fuelled the debate about when the cycle...
De-risks in favour of US Treasuries
Fitch Solutions survey of 300 asset managers