Have we turned a corner amid ugly markets?

Also Interesting

• A little pause
• The nine myths about sustainability investing
• Global Investor Study Zijn mensen gemotiveerd om duurzaam te beleggen?

Asset Allocation Update

Over recent months we have been noisily worrying about a variety of asset market headwinds. The course of US monetary policy and trade policy; tensions between the European Commission and the Italian governing coalition over a final budget; as well as what to make of the multiple twists and turns in the Brexit roadmap all have scope to change investor returns in a meaningful way over the medium term. Without these headwinds the underlying economic outlook appears constructive, with slowing but above-trend growth and high single-digit earnings growth. Furthermore, risk premia are far from skinny across equities and bond and property markets. But absent headwinds, the outlook will always look fair. Meanwhile markets have turned increasingly ugly