The Big Question: What are the key risks and opportunities in H2 2013?

Darius McDermott managing director of Chelsea Financial Services Opportunities: Emerging markets There is the risk a return to ‘normal’ yields of 5% for UK gilts and US treasuries, could lead to double-digit capital losses. And as we have seen recently, real interest rates do not need to rise for yields to rise – the anticipation/threat is enough. However, Mark Carney has stated clearly interest rates will stay lower for longer so, in the UK at least, this problem should be deferred for the rest of this year. Shorter-term risk in markets is more likely to come from the eurozone i...