Central banks are seeking to extend the economic recovery, but their intentions have generated confusion.
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Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.
Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.
Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.
仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。
Please be advised that future verbal and written communications from the bank may be in English only. These communications may include, but are not limited to, account agreements, statements and disclosures, changes in terms or fees; or any servicing of your account.
Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. Estas comunicaciones podrían incluir, entre otras, contratos de cuentas, estados de cuenta y divulgaciones, así como cambios en términos o cargos o cualquier tipo de servicio para su cuenta.
Informamos que as futuras comunicações do banco, verbais e escritas, podem estar disponíveis apenas em inglês. Essas comunicações podem incluir, entre outras, acordos de conta, extratos de conta e divulgações, alterações aos termos ou tarifas, ou qualquer tipo de serviço pertinente à sua conta.
仅此通知,本行即日起发出的口头及书面通信可能将只提供英文版本。这些通信可能包括但不限于账户协议,账单和通知,条款或费用变更;或任何为您账户提供的服务。
The world’s most important central banks continue to support economic recovery, but their policies have created confusion among investors. We think this creates potential risks and opportunities.
With the bottoming of the oil price at the beginning of the year, and subsequent rebound to current levels, we have also shifted our asset allocation to take advantage of the latest trends in emerging markets and commodities, as we explain in Navigating emerging markets and Our highest conviction views for 2016 -revisited.
Click here to download the full publication
Extending the Cycle
Central banks are seeking to extend the economic recovery, but their intentions have generated confusion.
Our highest-conviction views for 2016: revisited
Navigating emerging markets
We see emerging-market investment risks as having shifted somewhat away from Latin America towards Asia.
Politics: unusual times
Unusual political trends could shape global economic and market outcomes in 2016 – and beyond.
Selectivity is key
Recent market corrections have seen large, fundamentally-driven divergences in asset-price performance. These create potential opportunities for active managers.