Analysis

Manager highlights essential differences between US and UK and Europe as RMBS-based Monument Bond launches at UK retail space

On a local currency basis, the FTSE World Europe ex UK Total Return Index has outperformed the S&P 500 Total Return Index since the March 2009 lows, reflecting the fact that European markets tend to be more sensitive to global growth.

Emerging market currencies have rallied strongly after a rough opening to the year. Globalisation, the structural driver for the asset class, continues.

We believe there is a strong strategic case for choosing to invest in commodities. Over the next 15-20 years, we expect demand for the world's natural resources to grow at a rapid pace.

All 14 vehicles in European peer group hit double-digit returns over the past six months, bouncing back from a difficult 2008

The UK equity market has the potential for continued strong returns despite its recent strength.

By the end of 2008, credit yield spreads over government bonds had reached levels not seen since the 1930s.

Sentiment and certain macroeconomic data have recently improved and the risk of a prolonged global recession has eased.

Recent months have seen a big improvement in investor sentiment. So where does the US market go from here and what will drive it?

The European Commission has published its draft directive on Alternative Investment Fund Managers (AIFM directive).