Bill McQuaker and Paul O’Connor, Co-Heads of the Henderson Multi-Asset Team discuss the impact of several areas on the markets in 2014, up till now.
We are in the midst of a transition away from a world in which central bank liquidity boosted all assets, to a world of more limited policy support. The road back to ‘normality’ is likely to be bumpy as investors adjust to this new landscape, and the muted year-to-date returns from most asset markets are perhaps testament to this.