Feature

Credit expansion is 'noteworthy'

The European energy sector has underperformed the broader European market over the past three years by 3.4% on an annualised basis.

As multi-asset managers, we have historically been overweight to corporate bonds and specifically the financial sector ever since the Global Financial Crisis.

In 2020, five people will enter the growing global middle class every second, reinforcing the secular, long-term appeal of discretionary consumer spending, and consequently, the luxury sector.

Steady progress in growing per capita income

We continue to expect volatility in financial markets to rise substantially at some point.

Emerging market (EM) local currency debt looks set to extend gains in early 2020, as contained trade war fears and ample liquidity sustain investors' hunt for yield.

The UK property investment market continues to experience lower transaction volumes, driven by political and economic uncertainties, particularly from Brexit.

The pursuit of growth can make investors do odd things.

Glimmers of hope have recently begun to emerge for European equities.