We believe the Brexit negotiations will conclude with a relatively “soft” Brexit.
Adding credit exposure to defined contribution (DC) defaults via an unconstrained multi-asset credit fund has the potential to enhance risk-adjusted returns and improve outcomes for DC plan members.
In lower cost, liquid vehicles, alternative risk premia strategies can strengthen a risk-return profile.
EURUSD should be rangebound
Currency movements based onbrexit's outcome.
We expect continued solid returns for emerging market debt (EMD) over the next six to 12 months, driven by healthy fundamentals, a supportive net issuance level and attractive valuations.