Our challenge is to move to a steady-state circular economy, to reuse and reprocess. To move from a linear world in which we make, consume and then dispose of products to one where waste can be fed back into the system as a raw material.
Our global proprietary Gauges of Economic Activity in Real-Time (GEARs) are starting to appear convincing in their stabilisation. While both our developed market (DM) and emerging market (EM) aggregates are still at subdued levels, we feel more positive than a few months back.
This month, Rich Pickings gathers Fidelity’s Chief Investment Officers to ask them what investors should be watching for in 2020: the risks, the rewards, and the hurdles they see on the horizon as we approach the new year.
Coupons for European high yield bonds may have declined, but there are a few silver linings for the asset class. Investors are still getting compensated relative to other asset classes, and rock-bottom interest rates have allowed for easier refinancing and improved issuer liquidity.
China’s Singles Day has grown exponentially in its first decade to smash retail sales records globally. The ecommerce holiday’s changing focus offers a glimpse into the country’s overall retail trends, where online/offline integration and deeper penetration of lower-tier cities are key for investors tracking both the sector and the broader consumption patterns in China.