Bill McQuaker

Bill McQuaker: Global picture continues to get murkier

US outlook appears slightly pessimistic as fears over trade wars resurface We are now well into the second quarter of this year and the profound risk-on move that looked so well established has been stopped in its tracks by renewed trade tensions. Risk assets have benefited over the year to date from market optimism, resulting […]

Investment Insight: Global policymakers to the rescue again?

Major central banks have had a busy start to the year The first quarter of 2019 has so far seen risk assets rally significantly, in stark contrast to the final quarter of 2018. But while there is no doubt prices have rallied, we have not seen fundamentals improve in tandem with markets. The US dollar […]

Bill McQuaker: Tech investment story has only just begun

For more than 25 years, investors have been faced with the ups and downs of the technology sector, and 2018 was no exception. Of course, the “dot-com” boom and subsequent bust in the late 90s and early 2000s, best characterised by the now popular “irrational exuberance” phrase coined by former Federal Reserve chairman Alan Greenspan, […]

Bill McQuaker: Is it crunch time for asset owners?

There are signs trouble may be on the horizon around the world The leading story of 2018 is continuing to develop as we move closer to the end of the year. This story is the strong outperformance of the US economy and its equity markets, while the rest of the world lags behind. But like […]

Investment Insight: China is opening for business

Three considerations for investors in the region It is no secret that China’s financial markets have gradually been opening up over the past decade. With the inclusion of domestic A-shares in MSCI’s emerging market indices this year, 2018 could potentially be a watershed year for the country’s growing influence on financial markets. For now, this […]


Bill McQuaker: Equities aren’t dangerous; the world is

Trump’s announcements of tariffs on steel and aluminium have led to a much greater focus on the risks posed by his presidency We have had a rollercoaster start to 2018. January saw a rapid rise in global equities before markets succumbed to a technically driven sell-off, recovered a little, and sold off again on the […]

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What next for markets if the Conservatives win?

To say the announcement of a general election was a surprise would be an understatement. Downing Street had categorically ruled out an early vote and Prime Minister Theresa May insisted she was getting on with the job. The EU referendum might have been a disaster for David Cameron but it was a triumph for Theresa’s […]


Why active managers are praying for reflation

Investors will be well aware of the reflationary narrative in markets, with growth and inflation having picked up over the past few months. Yet recognition of this change has not been universal. While fund managers have been going long oil, hoovering up cyclical stocks and increasing active exposure, asset owners have shown little inclination to […]