15 Jan 2019 Genus Quarterly Review Q4
The anticipated slowdown in 2019 was better than expected with a lot of positives coming out geopolitically such as the US-China phase one deal and a way forward with Brexit. The Fed also cut rates after raising rates in 2018 and continue to take an accommodative stance in terms of monetary policy for the upcoming year. There is still uncertainty looming over the US with the elections coming up later in the year, but the markets are unlikely to place too much focus until closer to the elections. Given the new risks in Canada, we have also introduced a new global macro bond fund in order to mitigate risk and diversify.