China has been a potent force in financial markets for more than a decade. Its impact on global economic growth has increased markedly. However, international investors own very little of its domestic stock and bond markets.
As investors, we should consider whether 2016 marks the end of globalisation as we know it, as the election of Donald Trump and the Brexit vote inaugurated an era of deconstructing the global trading order.
A “Digital Moats” investment theme focuses on companies in the digital economy that have the ability to sustain an exceptional competitive advantage and generate excess returns for shareholders over time.
Some years ago we decided to take charge of our future and opted to manage our own pension. One of the primary reasons for this was to ensure that the assets reflected our very conservative nature; that is 100% shares