PA Video Insight: Is macro still king?

At our Summer Congress 2015 the answer to the question ‘macro or company fundamentals?’ as the main driver of returns was firmly ‘macro’. Is it still the same answer?

Macros have “never been more important” according to Angus Bell, a portfolio manager at Goldman Sachs Asset Management, specifically citing central bank’s accommodative monetary policy impacting on both the global economy and how markets are pricing in assets as a result.

Listen to him describe the strategy he runs, essentially trading interest rates and FX markets, as an alternative to alternatives as well as an alternative to traditional asset classes.

About the author

Tags