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Are you giving emerging markets the attention they deserve? We believe emerging markets deserve at least as much time and effort as developed market allocations. The longer-term growth projection (in GDP, population and consumption) shows that by 2025, emerging markets may represent over 45% of global consumption.1 Many multi-asset portfolios could benefit from this kind
With the outcome of last year’s Brexit vote paving the way for the UK to leave the European Union (EU), British Prime Minister May began the formal divorce proceedings last month. And now, she has surprisingly called for a snap election, earlier than expected, on 8 June. In the meantime, I keep hearing from investors,
Although the race between the top four candidates tightened near the end, Emmanuel Macron and Marine Le Pen made it to the second round. The markets seem to consider this good news, likely because it views Macron’s policies as fiscally more conservative than Le Pen’s. In our view, the subsequent market rally – namely in
The U.S. stock market continues to hit new highs. Interest rates remain remarkably low compared to historical norms. It’s almost 8 years since the last U.S. economic recession. But nothing lasts forever. Feedback loops drive market behaviour At some point, the economic cycle will turn – it always does – and that will most likely
Between Trump, Brexit, and the coming French elections, there’s been a great deal of focus on geopolitical risks and their possible impacts on markets and investors. So how do we deal with geopolitical risk? We believe the answer lies in taking a close look at Cycle, Value and Sentiment. The power of Cycle, Value and
Each January Russell Investments’ CIO reviews the preceding year and discusses both our funds’ performance and our new initiatives and developments. This year’s letter combines comments from both our Global and EMEA CIOs about the progress we have made for clients during 2016 and how we are preparing for the year ahead. Find out more.
There was much talk of stock market volatility in 2016 – so where do you think 2016 would rank among the past twenty years, when we compare the daily volatility of market returns? Smoother than the average year 2016 was the 14th most volatile of the past twenty years, as measured by the Russell
It’s the quiet week before Christmas, so I’m taking the opportunity to briefly set investment, pensions and charitable trusts aside and sneak in a post that touches on some of my favourite subjects: probabilities, forecasting and uncertainty. Specifically: what are the right – and wrong – lessons about forecasting from Donald Trump’s victory and the
The Fed raises rates. Finally. It’s been a long wait, but the U.S. Federal Reserve (Fed) finally raised interest rates by 25 basis points today, bringing the current rate to 0.5 – 0. 75%. The market took a small step back today, with the S&P 500® falling by 0.8%. We believe the rate increase has
‘Once more unto the breach’. We imagine financial markets feel similar to the troops in Shakespeare’s King Henry the Fifth, after the ‘no’ vote in the Italian referendum on constitutional reform. Political events and the markets: The dangers of overreacting In a year full of political upsets, markets have to once more overcome uncertainty. With
