currencies

We are cautiously optimistic about emerging market (EM) equities this year. Valuations are reasonable and risks look to be largely contained.

10-year Treasury yield passes 3%

Emerging and frontier market equities saw strong performance in 2017

Potential for cashless society

TER of 0.75%

Newly-created role

TER of 0.47%

Interesting times for investors

Undecided on next move for pound

'Increasingly important asset class'