Global macro research: Trade wars
The global trade war has negatively impacted trade volumes and appears to be a key driver of the slowdown in the global economy. How the conflict evolves and the impact of future flashpoints is likely to be critical for global growth and investment strategies over the coming years.
1Source Greenwich Associates 2019, GICF LDI-19 LDI overall and GICF FI-19 fixed income overall. LDI: results are based on interviews with 12 UK consultants evaluating LDI. The median (513) is the middle of those managers with five or more evaluators. Fixed income: results are based on interviews with 13 UK consultants evaluating fixed income managers. The median (493) is the middle ranking manager of those managers with five or more evaluators. Greenwich Quality Index scores for each evaluator range from 1,000=‘Excellent’ to 0=‘Poor’ with a population mean of 500. Greenwich Quality Index Overall is a composite of Investment and Service scores.