Allocation

After President Trump signed the ’Tax Cuts and Jobs Act’ into law on 22 December 2017, we expected corporate earnings growth to be strong in 2018. In fact, it has been far stronger, as the direct effect of the tax cut on corporate earnings was further magnified by the acceleration in economic growth.

A modern-day War of the Roses: Is a real winner possible in the US-China trade war? In an era of globalization, trade wars mean losses for all sides

We believe that fears of a global slowdown are overdone, even though we are clearly past the peak in growth. Investor sentiment remains fragile and volatility high as fears about growth and political headlines keep markets on the back-foot. Yields have fallen on market woes, while credit spreads continue to widen. We look for diversifying and de-correlating strategies, such as alternatives, in a complex environment...

In recent years, technological developments, new regulations and the rise of digital savvy millennials have combined to form an irreversible trend towards innovation in the global financial sector.

Equity markets fell on Wednesday with the S&P 500 down 3.1%, extending the index’s losses to 9.4% since hitting an all-time closing high just a few weeks ago on 20 September. With today’s decline the S&P 500 has erased its price gain for the year.