2024 Top 500 ranking: 26
The present global consensus to reduce greenhouse gas emissions to net zero will require immense investment
Investment spending is not a cost but will boost activity. Costs will reflect increased production costs, taxes and regulations associated with reducing emissions.
You can now read the full whitepaper at the link below
For ETF fixed income investors, 2024 continues to be a positive year: most companies have managed to weather a backdrop of macro uncertainty; investors have continued to have access to attractive levels of yield; inflation, while sticky, has been moving in the right direction. Meanwhile, the volatility experienced at the start of August proved to be a storm in a teacup.
Globalisation - the rising interconnection of the world’s economies and populations, driven by international trade in technology, services, goods as well as the flow of investment and information - is facing at least five different head winds. Let me discuss them in turn and indicate how I believe they could be tackled.
Heading into 2023, the consensus narrative appeared set. The Federal Reserve had embarked on an aggressive interest rate hiking cycle to combat spiralling inflation. A US recession was expected to follow, as household excess savings built up during the pandemic were exhausted and corporate borrowing conditions tightened dramatically after the benign post-global financial crisis era of low interest rates.
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