The Year ahead, January 2017

As with previous years we have published our views and outlook for the year ahead.

2016 was the year that bond values, in our view, have peaked.

In projecting a theme for 2017, we believe it will be the return of inflation. Monetary policy effectiveness is at its limit, economic growth globally is stubbornly low and therefore engineered inflation appears to be the next roll of the dice.

This was a very difficult Insight to write as valuations have pushed many asset classes to fully valued (not necessarily overvalued) and as such we have a Neutral view on many of these asset classes supported by these valuations.

We wish you all a very successful 2017.