This month we upgraded equities to positive and downgraded bonds to neutral, reflecting our belief that recession risks have reduced.
November’s multi-asset chart of the month highlights how a global shortage of US dollars could be reversing. This could signal the beginning of a weak phase for the currency.
A year ago we identified the disruptive and economic forces that we thought would shape the decade ahead for investors. These were our "inescapable truths". But do they still hold true?
It's not been plain sailing for factor investing in recent years, but we've identified some ways to improve the chances of its success.