Q4 2016 Business Update
Expecting the Unexpected
If the year 2016 has taught us anything, it is to be prepared for the unexpected. It was a year when the seemingly unlikely came to pass. As we start the New Year there is, arguably, a more significant sense of uncertainty about how the year will develop than we have seen in some time, particularly when we consider geopolitics, this could lead to another year of volatile market conditions for investors.
Institutional Investor’s European Awards 2016
Pioneer Investments has been selected for second year in a row as the winner of the publication's European Money Management Award for ‘Emerging Markets Hard Currency Debt’
Macroeconomic Outlook 2017
We believe that a new economic growth and inflation narrative will dominate in the coming year. The global economic environment is set to become more dynamic in 2017, but regional divergences will also widen. The effects of Trump’s policies on the US economy and geopolitical equilibrium, a more active fiscal policy in Developed Markets, and in some Emerging Economies, combined with a busy electoral cycle in the Eurozone will likely shape the investment landscape in 2017.
News & Views
Fed Strategy Ahead of Trump Presidency: Raise Rates
US: The Federal Open Market Committee (FOMC) has just raised the target Fed Funds rate by 25 basis points (bps). The second only increase since 2006. The hike wasn't a surprise, but the FOMC's projection of three, rather than two, rate hikes of 0.25% in 2017 is.
Read Ken Taubes Investment Talk on what's happening ahead of Trump taking up the presidency.