Iggo's insight - Cautiously Optimistic

It’s been a very solid start to the year. The “risk” dial has been turned down and investors seem happy to be in the momentum trade. The Q4 earnings season is underway and the optimists will point...

Data privacy: Trust is hard earned, easily lost

Personal data is the arguably the commodity of the 21st century. Over the past two decades, the monetization of personal data has fueled the rapid growth of internet-based technology companies.

Bank of England signals January rate cut

• Five members of the Bank of England’s Monetary Policy Committee have expressed dovish caution recently, suggesting a near-term easing would be appropriate if economic conditions weaken.

US-China: A silver lining in a strained relationship

A sudden rise in tensions has cast a dark shadow over Sino-US relations. While the trade war has been the most eye-catching instance, increased “decoupling” has also occurred in areas of...

Iggo's insight - Growth better, returns maybe not.

Lower global interest rates and renewed central bank balance sheet growth helped deliver great returns across bonds and equities in 2019.

Just Transition: Managing the social impact of a low-carbon transition

‘Just transition’ is the name given to an emerging concept taking into account the social impact on these workers and communities of transitioning to a low-carbon economy.

A European Climate Emergency Fund

The European Commission estimates the transition to a “low CO2” economic model would entail an investment effort of around 1.5% of GDP annually until 2030. This calls for creating a new long-term...

ESG and intangibles: Driving value creation across companies

Demonstrating the value of robustly integrating environmental, social and governance (ESG) factors into investing is critical to the success and credibility of responsible investment.

Financing brown to green: Guidelines for Transition Bonds

Financing the fight against climate change needs to shift up a gear and evolve. Since the introduction of green bonds, capital markets have made great strides in recent years to ensure that...

December Investment Strategy - It is getting (a bit) clearer

Good news on two major headwinds which defined 2019: trade war, and Brexit.

Emerging Markets 2020 Outlook

Growth has been weak in 2019, hurt by the US/China trade war and a series of idiosyncratic issues for countries such as India, Brazil, Mexico, Argentina and South Africa. We expect some rebound in...

U.S. 2020 Outlook

Uncertainty over trade policy and the 2020 Presidential Elections are key unknowns in determining the US outlook for the coming years.

Executive summary 2020 Outlook

Fears of a 2019 global recession have abated as major macro risks have started fading. However, for 2020 we think actual GDP growth is unlikely to be able to exceed potential in the key economic...

Investment outlook – 2020: Approach with cautious optimism

Monetary policy and other policy initiatives have likely decreased the chances of developed economies stalling in 2020

Eurozone 2020 Outlook

Euro area growth should continue to slow in 2020 as spillovers to the broader economy outweigh any globally- driven improvement in manufacturing and trade.

China 2020 Outlook

A structural slowdown will take the Chinese economy into a new chapter of sub-6% growth, starting in 2020

2019 outlook - Eurozone - It’s getting cloudy: the ECB won’t take back the umbrella

Following a disappointing 2018, we expect Eurozone economic growth to drop further in 2019 and 2020.

Iggo's Insight - Into the roaring 20s?

Together with today’s decisive UK Election result and better prospects for a trade deal between the US and China, it’s a risk-on end to the year. It’s hard to believe that the global economy...

Iggo's Insight: A view from the markets – Taking the temperature

The consensus expectation is for flat line growth in the major economies. Investor expectation is that, short term, things get better.