US

Utilities and telecoms are being negatively impacted by interest rate environment changes, but some sectors are showing resilient economic growth, says Evan Bauman, portfolio manager on the Legg Mason ClearBridge US Aggressive Growth fund.

A so called 'dash for trash' could see investors that are focus on 'quality income' in US markets underperform in the coming months, according to Stephen Thornber, fund manager at Columbia Threadneedle.

Markets no longer listening to central banks 'crying wolf'

Costs "unsustainable"

Dependent on inflation expectations

Steering clear of energy sector

With banks having to abide by new capital requirements, future bailouts will still see the UK taxpayer pay out for corporate mistakes according to Kames Capital's Gregory Turnbull-Schwartz.

What will affect investor sentiment in 2016?

Legg Mason affiliate

In the second part of this special Big Question feature, investors and managers explain their portfolio positioning during a tough start to the year.