- Global Investment Views - January 2019
Global Investment Views - January 2019
Tuesday 15 January 2019
Research / Market
Global Investment Views - January 2019 - CIO Views
Focus on fundamentals to ride turbulent markets
From economic deceleration to where? It is time to look at where the economy is heading after the synchronised slowdown that the market has now priced in. A global economic recession is not the central scenario. The US economy is still enjoying solid growth and barring a major policy mistake (from the Fed or Trump), it should continue to grow nicely, although at a decelerating rate.
Emerging Markets Charts & Views - Seek opportunities, but be aware of short-term volatility
Emerging markets (EM) started 2019 on a strong footing and, as a result, some excessive valuation gaps have been partially closed.
Brexit: an agreement is now more likely, but be aware of a no deal risk, not priced in
The concept of factor investing and the debate around passive and active management has emerged since the end of the 2000s and has completely changed the landscape of equity investing.
Gold in central banks' asset allocation
After a long lacklustre period during the 1980s and 1990s, the price of gold has picked up significantly since the new millennium, and central banks, after having steadily reduced their allocation to gold, have resumed their gold purchases.