The past year was a trying one for most assets, not only risk ones. Bond markets also finally felt the effects of the inflection in the monetary policy cycle and rising interest rates. Economic and policy uncertainties and flagging growth momentum currently cloud the outlook, leading us to remain cautious on risk assets. That said, we think misplaced or exaggerated pessimism may mask some attractive investment opportunities in some markets in 2019.
Investment Outlook January 2019
