We expect another positive year for emerging market debt in 2020, with base case expectations of about 8% returns for emerging market hard currency, and 11% for emerging market local currency.
Market sentiment towards the Chinese currency has shifted significantly
EURUSD should be rangebound
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.
Currency movements based onbrexit's outcome.