Feature

Having spoken to numerous market participants, we discern a number of areas of current concern.

Financial markets became scared at the end of last year that the US Federal Reserve's monetary tightening could precipitate the country's economy into recession.

Traditional sources of investment income are facing structural issues, while the alternative income sector is booming.

Japanese equities have been routinely shunned by global allocators for decades.

As we approach late cycle, global markets are characterised by low growth and falling inflation.

Last year was challenging for Japanese equities.

Debt has become the opioid crisis of the global economy.

There is something strange going on in Europe according to some commentators - the market has rallied aggressively post the trade war-induced sell-off in the fourth quarter of 2018.

Bond investors spent most of last year transitioning towards a more fundamentally driven approach to selecting assets.

We expect to see continued market volatility and macroeconomic uncertainty in the UK throughout 2019, not least due to Brexit.