A rise in borrowing costs triggered by less accommodative monetary policy is likely to have an adverse effect on the profits of increasingly-indebted US companies. But we doubt margins will collapse.

We think US equities are set to fare better than bonds in the coming years. The outperformance is likely to be less than the historical average. But we still think it could be quite substantial.

UK equities underperformed other major developed markets significantly in 2013 and have fared no better than their American and European counterparts since the start of the year. But we think this...

The implementation of growth-enhancing and risk-reducing economic reforms provides long-run benefits to investors in emerging markets. But as the recent turbulence attests, other factors play a more...