For example, the Cold War era produced very different return profiles and correlations to the ‘neo-liberal’ phase that has characterised most of our working lives.
Recent geopolitical and economic developments suggest that we are on the cusp of a new era, which Eric Lonergan, Head of Research for M&G’s Multi Asset team calls ‘neo-nationalism’. What will be the defining characteristics of this new era and what will it mean for investors?
The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.
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