The first quarter of 2015 saw a number of key developments:
- Another step towards rate increases from the Federal Reserve as the US economy continues a steady and adequate, if not exciting, rate of growth
- The introduction of Quantitative Easing in Europe, causing a rally in risk assets, and continued currency weakness for the Euro
- The first appearance of negative nominal interest rates in Europe
- Continued strength in the US dollar, causing a headwind for US investors’ holdings in foreign assets, and hitting earnings of large cap US companies
We invite you to read or hear more on these topics as well as our views on valuations and risk exposures in our Investment Landscape, as well as our topical Viewpoint on velocity of money, by accessing the following links:
