9 July 2019 Has the impetus behind European reform, so evident following French President Macron's victory last year, now stalled? The recent Italian election result illustrates that the appeal of populist remedies to Europe's ills has not receded, and Euro-scepticism remains widespread. The challenge remains for Europe's mainstream national leaders, along with the EU institutions [...]
4 February 2018 In the wake of the Global Financial Crisis followed by Europe's Sovereign Debt Crisis, the Swiss franc (CHF) appreciated sharply (see top Chart), reflecting its traditional role as a safe haven. Confronting considerable deflationary risks the Swiss National Bank (SNB) abandoned its policy aimed at setting a floor for the exchange rate [...]
9 January 2018 One of my New Year's resolutions was to broaden the types of content offered on this site to make life easier and more stimulating for investors and subscribers. In this spirit, you are invited to listen to our first podcast. This broadcast summarises a blog published in December outlining key investment themes [...]
3 September 2017 Welcome to the launch of what will be a regular strategy review. Macro-themes have dominated market moves, especially following the Brexit referendum and the US and French elections. With the Trump Presidency entering a potentially decisive six months, I believe this will remain true during the year ahead. I am a believer [...]