Investors and policy makers have learned their lessons, but we may be looking in the wrong direction for the next dislocations.
Global growth for the rest of 2018 should continue slowing, with growth in the US, which has been the engine of the global economy, to start losing momentum into year-end. For China too, the direction of travel is undoubtedly downward. These factors could be the triggers that lead to the next bout of economic and market pain.
Emerging market debt can be a powerful diversifier and yield enhancer for global bond portfolios. Yet a common question among investors is how best to allocate to the asset class.
Climate change could be one of the defining problems of the 21st century. Financial markets form part of the solution, but fixed income markets lag in their response.
The decision by South Africa’s ruling ANC party to push ahead with legislation allowing land expropriation without fair compensation will probably exacerbate the country’s economic woes and increase volatility in asset prices.