Despite a strong rally in emerging-market local-currency debt in 2016, a widening yield differential with US rates points to the long-term value of the asset class.
Despite the risks of slowing global growth and more falls in oil prices, prospects for European high-yield debt are particularly encouraging.
Traditional investment strategies based on the norms of the last 30 years might struggle to deliver the outcomes desired in a new era of potential lower growth and poorer returns.
Stewart Robinson, Senior Economist (UK and Europe), Aviva Investors
The increasing number of central banks taking interest rates into negative territory calls conventional economic wisdom into question. Predicting where rates go from here has become even more difficult.
Gavin Counsell, FIA, Senior Portfolio Manager, Multi-Asset, Aviva Investors
New year, same old (volatility) story. Brief but timely thoughts on the recent market unrest.
Past performance is not a guarantee of future results.
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