Our multi-asset team provides its insights on current market trends and its latest asset allocation views, focusing this month on headwinds to the global recovery and the impact of the oil price on high yield bonds.
Iain Cunningham, Multi-Asset Fund Manager, explores possible challenges for investors in 2015 and the global, flexible and unconstrained strategies his team are employing to take advantage of opportunities.
In recent years we have danced to the central bankers' tune. With rates pinned at 0% we correctly judged that the path of least resistance, for developed equities in particular, was up. As we move into 2015, however, it might be time to sit some of the dances out.