The paper discusses the pportunities and risks that institutions should consider when investing in China’s A-Share and private equity markets.
Michael takes a close look at the question of rising committed and unspent capital in private equity, and implications for investors.
Long-term Capital Market Assumptions 2017 Theme-Credit cycles
What investors should consider
Bond yields remain at or near historic lows around the world, leading to a substantial increase in the value of pension plan liabilities.
While tariffs remain a concern, the key issue is the degree—which we deem moderate—of U.S. recession risk. The current global backdrop makes the U.S. dollar unlikely to strengthen. Earnings growth expectations are modest, valuations are undemanding
Markets, economy, stocks, growth, global, fixed income, international, asset classes
Equity markets experienced welcome respite in January, after a torrid end to 2018.
Michael discusses how he should have taken Trump at his word on tariffs, and the impact of the widening trade war on global growth and equity markets as proposed tariffs approach pre-war levels.