Three themes have emerged to challenge the Goldilocks narrative that supported risk assets through the second half of last year: signs of diverging growth across major economies, a stronger US dollar and material risks of a broadening trade war. These ‘three bears’ are likely to make for a much more challenging environment for risk assets going forward.
Russland-Anleger brauchten zuletzt starke Nerven. Erst brach nach US-Sanktionen im April die russische Börse ein. Nun wirft der volatile Ölpreis lange Schatten. Mutige können die günstigen Aktienkurse zum Einstieg nutzen – dafür gibt es fünf gute Gründe.
China’s economic development is a unique success story. With 1.4 billion inhabitants and a Gross Domestic Product (GDP) growth of USD 12.8 trillion in 2017, China is today the world’s second largest economy after the United States, and is increasingly playing an influential role in the global economy.
At a time when many bond investors vacillate between concerns over rising interest rates and the belief that the multi-decade bull market in fixed income is not over yet, local currency emerging market debt deserves to be given more attention than it often gets these days. Or so argue Bryan Carter and JC Sambor, Head and Deputy Head of Emerging Market Fixed Income, respectively.