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.

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Gary Corcoran


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.



Investment Strategy



PA Channel Islands November 2017
PA Channel Islands November 2017

Tuesday 14 November
Royal Yacht Hotel, Jersey

PA Alternative Ucits November 2017
PA Alternative Ucits November 2017

Tuesday 7 November 
Furniture Makers' Hall

PA Global 2017
PA Global 2017

Thursday 23 November
M by Montcalm Shoreditch Tech City

PA Emerging Markets November 2017
PA Emerging Markets November 2017

Tuesday 28 November
Radisson Blu Edwardian Bloomsbury Street Hotel