After a year of profound shocks in 2016, investors entered 2017 prepared for further surprises. In the event, though, the year was instead characterised by
what didn’t happen (no major geopolitical shocks, trade wars, or aggressive central bank tightening), while two generally positive themes dominated. First, the establishment of robust, synchronised global economic growth and, second, the move by central banks towards ‘normalising’ monetary policy that was facilitated by this positive backdrop.
The value of investments will fluctuate, which will cause fund prices to fall as well as rise and you may not get back the original amount you invested.
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