In this quarter’s edition:
Portfolio positioning highlights: An overview of our positioning in a selection of countries, currencies and sectors.
Topic of the quarter:
The EMD sell-off in context. A letter from Peter Eerdmans, Portfolio Manager.
In this quarter’s letter we focus on what has been a challenging quarter for the asset class. There have been what we consider some misguided comparisons with the 2013 taper tantrum. In this quarter’s piece we briefly outline why we think this is quite a different sell-off, more akin to a typical mid-cycle market correction.Download full article Return to Investment views