Fair Winds in the West

This presentation outlines outlines our key recommendations for 2017. Global growth is picking up strongly, particularly in the US and Eurozone. The key rise is a rise in bond yields. However we remain optimistic on equities seeing scope for earnings upgrades. In terms of bonds while we expect US yields in particular to move out we remain of the view that the bond/ equity arbitrage is broadly in place. Please contact us for a copy of the presentation.