2014 has started in an uncertain and volatile fashion. China concerns, geopolitical risk plus emerging market anxiety over capital flight saw significant volatility in financial markets. The first quarter is over and many investors are left wondering if this is a year where we may end up with very volatile and poor markets. So far, year-to-date risk assets have underperformed while the usual flight to safety assets have outperformed. Are we missing something here?
Let us look at why markets have underperformed. So far this year, markets have been whipsawed on concerns about the economic momentum in the US, worries on the state of China's overall economy, plus unexpected geopolitical concerns over...
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