Investor Insight 33, April 2016

The New Year brought in not only 2016, a new calendar year but also volatility.

A combination of fears towards Chinese growth, oil and commodity prices (in particular Iron Ore) testing new lows and European banking fears all led to equity markets falling, bond markets rallying and a lot of discussion about lower world growth.

We have mentioned many times over 2015 and it was well covered in the financial press that we are in a lower growth environment, however it was as though global markets were re-calibrating for this lower growth environment as though it was the first time they had realised this was the case.