With Joe Biden finally confirmed as the 46th US president (Trump legal challenges notwithstanding), GAM Investments fund managers consider the possible implications for their respective asset class.
The report authors see fears of rising inflation as exaggerated and are more concerned that the post-COVID-19 world will be one of sluggish growth and barely visible inflation.
According to IMF estimates, China is likely to be the only major economy with expansive fiscal policy next year, with a “fiscal boost” equivalent to 0.7% of its GDP.
What is happening in the PMS industry? There are many other themes that are driving the externalization services, however today, a good PMS is able to easily solve all these problems.
While gold prices have pulled back from record highs set in August 2020, investor interest remains high. The precious metal has been one of the standout performers, returning 20% this year.