In our monthly Multi-Asset update we describe the translation of our CIO View into the CIO View model portfolio.
Mexico in the spotlight: despite concerns ahead of last year’s U.S. elections, the peso has strengthened and local bonds have shone. What may be driving this resilience?
Benign, for now: Our forecasts for the next 12 months
Whether or not there will be a reversal in the trend depends on the development of long-term inflation and whether the Federal Reserve manages to maintain its credibility
Foreign investors reduced their holdings of U.S. assets in April, but only to a very small extent
We believe that fears of JGB weakness spreading to other government bonds appear to be exaggerated.
Cautiously optimistic: Our forecasts for the next 12 months
