Our main scenario is a rise in downside risks for the global economy, amplified by antagonist policies. This is due to a global growth slowdown that governments aim to mitigate through fiscal support, as well as a simultaneous inflationary environment that central banks are trying to contain. This combination spurs macroeconomic volatility which itself keeps asset price volatility elevated. Consequently, we maintain an “unattractive” stance on equities and a cautious view on both rates and spreads. We are positive on commodities and have a very attractive view on hedge funds. We remain positive on the dollar against all currencies as the greenback remains the only true inflation hedge at this stage.

The financial advisor of the 21st century takes on the appearance of a cyborg, combining robo-advisors with human financial planners.

Disastrous economic policies of successive UK governments are at the root of this crisis and the collapse of UK assets. But beware, other countries could soon know the same fate.

For decades, IPOs have very often been a source of excitement for investors. However, various studies show that investing in IPOs is far from being a sure win. Below, we highlight 7 pitfalls to avoid when investing in IPOs. 

In the current market environment, many equity managers emphasise portfolio diversification as a means of reducing risk. Are they on the wrong path?

2022 seems to mark a turning point in international relations, with major implications for the global economy and financial markets.

The strength of the greenback is one of the major economic developments of 2022. The US dollar index, which measures the value of the dollar against other major world currencies, is at its highest level in twenty years. 

Global equity markets declined in August, ending the rebound that began in July. Most of the economic data released last month points to an economic slowdown. Central banks are choosing to ignore this as they focus efforts on fighting inflation amid an energy crisis of historic proportions. Meanwhile, market trends remain bearish as market breadth deteriorates. In this context, it is not the time to be brave in asset allocation choices. Market bounces are likely to be part of a more volatile environment which will continue until the conditions for a market bottom are met.

The “Oil for dollars” deal between OPEC and the US has been in place since the 1970s. However, multiple geopolitical and economic factors could challenge its supremacy.

Brazilian elections are coming up and the contest, which promises to be tight, will be determinant for the near future of the Brazilian economy. Between a fiery candidate who does not shy away from controversies and former President Lula’s attempted comeback, the country is gearing up for a tight race.