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By Alex TEDDER, Head of Global Equities, Schroders
We are seeking out companies investing for change in 2019, while increasingly wary of those that have borrowed excessively.
In general, markets are moving into a new phase in which inflation is on the rise and central banks are offering less support to markets. There is plenty of complacency in equity markets about the risks from higher interest rates and elevated corporate debt. We believe that some of the best investment opportunities are to be found where industry disruption is significant, such as in the transition to renewable energy.
In 2018, global economic growth remained broadly stable, but in contrast to 2017, it is no longer so closely synchronised. The US...
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