PA Video Insight: Is macro still king?

Added 18th October 2016

At our Summer Congress 2015 the answer to the question ‘macro or company fundamentals?’ as the main driver of returns was firmly ‘macro’. Is it still the same answer?

Macros have “never been more important” according to Angus Bell, a portfolio manager at Goldman Sachs Asset Management, specifically citing central bank’s accommodative monetary policy impacting on both the global economy and how markets are pricing in assets as a result.

Listen to him describe the strategy he runs, essentially trading interest rates and FX markets, as an alternative to alternatives as well as an alternative to traditional asset classes.

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About Author

Gary Corcoran

Director

Portfolio Adviser & International Adviser

Gary Corcoran is the editorial director for Portfolio Adviser, International Adviser and Fund Selector Asia. He is also programme director and chairman for events hosted across the UK, South Africa, Middle East and Asia. Gary joined Last Word Media in August 2006 as the launch editor of Portfolio Adviser, having previously worked at Bacon & Woodrow, Legal & General, FT Business and MSM International.

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