2018 half year summary & predictions
Our first thoughts after seeing Germany’s early exit from the FIFA world cup was that we place too much reliance on Germany for the strength of the Eurozone and maybe we should exercise more caution when allocating money to Europe. The FIFA World Cup has many positive messages for the global economy and we must not be too quick to focus only on the negatives.
2018 so far has been a difficult year for asset allocators, like Pioneer. Across the industry, returns have been difficult and disappointing in absolute terms. In this review, we will try to explain what is happening.