Focus on monetary policy not politics
Argument against case for Thursday rate hike
Risk moved from banking to asset managers
MiFID II, the legislation that governs transparency around the charges for investment research, went live on 1 January. We consider life after MiFID II, what this means for investors, brokers and corporates and highlight the unintended consequences.
US stocks have had a chance to finish 2017 in style, as the economic recovery that started two years earlier received an additional boost from the much-publicised breakthrough on tax reforms.
Focused on asset liquidity and credit quality
Markets have realised they have a new concept of risk to play with: idiotic risk. Largely unquantifiable, we see many shining examples, whether in North Korea, the White House or No 10.
With increased market volatility and the impact of global political events, Legg Mason's Gary Herbert explains why investors need to watch out for liquidity red flags in many areas of the fixed income market