Feature

Ability to generate uncorrelated returns

Reform a 'gargantuan' task

Three key elections ahead

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.

Likes healthcare and technology

Political turmoil ahead

End of 30-year run

Equities climbing 'wall of worry'

Helped by weaker yen

Protectionist agenda has raised concerns