Feature

The recent drop of the 10-year German bund yield into negative territory has left many bond investors scratching their heads.

Credit fundamentals are stable

Growth in the eurozone is slowing to stall-speed. The most recent raft of indicators point to weak manufacturing activity, with German data at lows last seen in 2009.

The constant requirements for progressive digitisation are presenting great opportunities for IT-focused businesses.

For years, political risk has been a feature in European markets.

The US dollar is close to peaking and the risks now seem to be on the downside.

Growth could be unimpeded by trade tensions

MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.

Equity markets had a tough time in 2018. Value stocks were particularly hard hit and the style saw one of the longest periods of underperformance relative to growth in recent years.

Since the downturn at the close of 2018, US equities have rebounded with smaller caps up over 16% and outpacing the returns of large caps.