Eighteen months ago, in our Q4 2017 Outlook, we suggested the bull market was still intact but entering its last phase and we advocated a Braver for longer approach. Since then, the cycle has ground onwards with two periods of correction and the bull market continues. There are risks aplenty, but there are also attractive opportunities if you look hard enough - there is still some life left in this old cycle yet.
Until the first Active ETFs were launched in 2015, the choice to invest in an ETF was a decision to invest in a passive investment solution, but this is no longer the case. While more choice can only be a good thing, helping investors to understand the benefits and limitations of the different structures will be important in helping them to meet their investment objectives.
As a business we’re often asked about India and why investors should consider allocating either through a stand-alone allocation or exposure through an emerging markets portfolio. On one hand investing in one of the world’s fastest growing economies sounds sensible but equally investors have concerns around volatility and risk, particularly macro risks. So, let’s take a closer look at the case for India.
It’s difficult to imagine the landscape without them - indeed history has shown that they’re too big to fail. However, revelations from the Banking Royal Commission have certainly taken a toll on how we perceive our major banks. So as investors, how should we be looking at banks moving forward?
The last three years have raised questions about the health of the UK's parliamentary democracy, but the system that was created in its image in India has surprised everyone with its resilience and longevity. This week, 900m voters will take part in what will be the biggest election the world has ever seen.