Annual Investment Reports

Introduction…… 2021 was a strong year for risk assets with a number of markets finishing off the year at or close to their all-time highs.

Introduction…… Since the release of our 2021 Investment Outlook in January as we expected, we have seen vaccination roll-outs accelerating and lockdown measures gradually easing.

Let us begin our annual investment outlook with a bold statement: 2021 will be the year when the Covid-19 crisis ends. More precisely, despite new

Summary After an extremely volatile first quarter, in which the world underwent some massive changes in a very short period of time, not to mention

The past year will be remembered as a moment of reckoning for central banks. US stocks traded peacefully through a holiday-shortened Christmas Eve session, in

Summary Since our investment note in April, equity markets have trended flat to positive. We are now seeing a slightly more worried picture around the