From tackling 'Trump-enomics' and a rise in inflation, to ditching bond proxies and anticipating further political uncertainty, managers from Investment Week's November Funds to Watch conference share their views on how they are adjusting their strategies for 2017.
Michael Leithead, senior portfolio manager, New Capital Wealthy Nations Bond, EFG AM Wary of event risk Next year is set to be another challenging year for fixed income investors to navigate. While the fiscal dimension of 'Trump-enomics' presents a new enigma for bond markets, global economies continue to face headwinds from excess leverage and limited fiscal flexibility. Treasury yields remain the global benchmark and the substantial repricing post-US election have left downside risks more balanced. We see 2017 as another year of potential event risk, with elections in Europe rep...
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