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Strat Doc 3Q18 – Global Growth: Key judgements in a time of turbulence

Some economic variables are so fundamental that they determine the outlook for almost every asset class. Amongst these, the GDP outlook for the world’s major economies surely tops the list of systemically important variables. Indeed, this variable is the central determinant of inflation, real interest rates, corporate earnings growth, and currency markets – consequently the expected return for every major asset class. In a world of big governments, policy developments increasingly dominate the economic landscape. US trade policy (“trade war”) and the Italian elections have won the recent headlines. There are also shifts taking place in global monetary and fiscal policy that will profoundly affect markets in coming years. While we are in a time of transition and turbulence, we think the fundamentals still justify a basically optimistic and pro-growth bias in asset allocation. This section explores a few key judgements that support this view.

Click here to read the full article.

Click here to read the full strategy & asset allocation for the 3rd quarter of 2018.



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WEBINAR | The Navigator – Anchor’s Strategy and Asset Allocation, 2Q24

Anchor CEO and Co-CIO Peter Armitage will host the webinar, provide an introduction to current global and local market conditions and give his thoughts on offshore equities. Together with Head of Fixed Income and Co-CIO Nolan Wapenaar, Pete will also discuss Anchor’s strategy and asset allocation for 2Q24, focusing on global equities and bonds. In addition, Fund Manager Liam Hechter will provide insights into local equities, highlighting some investment ideas; Global Equities Analyst James Bennet will discuss Ferrari and give an update on Tesla, and finally, Analyst Thomas Hendricks will participate in a Q&A with Peter, explaining the 10-year US Treasury to attendees.