Across asset classes, volatility has moderated, and the underlying macro landscape has improved on a global basis, prompting greater investor optimism. Political uncertainty has also moderated, with two key exceptions: The Trump administration and the Brexit negotiations.
Years of central bank asset purchases have sparked historically-high equity prices, unprecedentedly low bond yields, and unparalleled, minimal volatility. The key theme of ETF Securities’ September update on its triannual outlook is the impact of monetary policy normalisation. Besides the report, ETF Securities’ experts discuss the question of bonds being in a bubble or balloon, and the effect on US yields and emerging markets debt.
However, the triannual outlook and the corresponding videos also cover topics including the Chinese politics, quantum computing and cybersecurity, cryptocurrencies, the low carbon economy, as well as commodities and their producers.