We have shifted to a modest long position in the Japanese yen against the euro in our multi-asset portfolios. The...

A darkening global economic outlook, increasingly challenged policymaking, and fuller valuations have weakened the case for our long position in...

With global inflationary pressures building fast, we remain cautious  with regard to interest rate risk in sovereign debt generally but...

Tighter US monetary policy, rising (real) yields and a correction in growth stocks. None of this is really a surprise....