Multi Asset – No one’s really sure where to next

The first 3 months of 2016 were characterised by heightened volatility across asset markets with sharp falls in risk asset prices in January and early February which reversed in late February and March. Likewise, bond yields declined sharply as risk assets fell before stabilising / rising in conjunction with the recovery in risk assets. The behaviour of markets during the March quarter is broadly symptomatic of a bigger problem – namely that no one’s really sure as to where to next – for either the global economy or for markets. In part this has been fuelled by the news flow which has had something for everyone. The economic “bears” have been able to promote the de-synchronization of the major global economic blocks, tepid US consumption and jittery central banks. The more “bullish” (note it is hard to find outright bulls), have ample support from a continued solid US labour market and aggressive policy stimulus from the ECB, BOJ and China. While uncomfortable, we probably sit in the middle. We discuss this further in “Real Matters – Best Avoid Landmines” (VIEW LINK)

Established in 1961, Schroders in Australia is a wholly owned subsidiary of UK-listed Schroders plc. Based in Sydney, the business manages assets for institutional and wholesale clients across Australian equities, fixed income and multi-asset and...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.