Global Investment Views - July 2018
Tuesday 26 June 2018
Research / Market
Global Investment Views - July 2018 - CIO Views
A cloudy summer
Investors have experienced generally low returns so far this year, due to the clouds currently gathering on the horizon, and the approach to risk assets is being characterised by increased caution. This attitude has led to weaker equity markets, wider corporate spreads, and some areas of stress in EM (especially in local currencies). We can identify different fronts that need to be monitored closely in the short to medium term: the evolution of the cycle and potential regime shift, geopolitical issues, and EM anxieties.