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The world’s cache of government bonds trading at negative yields has soared. How did this come about and how will it distort financial markets?
As next-gen breakthroughs disrupt the industrial status quo in the coming years, investors should zoom out and look at things through a long-term lens.
We see higher ground for equities in 2020. We are also more cautious than at any time in the past decade.
Our constructive view on financial markets runs parallel to a continued need for vigilance.