Both investment returns and economic growth are predicted to be lower, while political uncertainty remains high and technological advances are set to change the face of many industries. At the conference, 100 global fund selectors were asked which issues currently concern them most from an investment viewpoint.
According to Philip Haddon, Head of Investment Communications at Schroders, right now the most pressing concern for 35percent of those delegates polled is the impact of the ongoing trade wars between the US and China. This is followed by the end of quantitative easing (24percent), political risk (20percent) and the prospect of a sustained low growth environment.
Moving to monetary policy, the audience was asked about what lies ahead for interest rates in the US. Some 55percent predicted four more rate rises from the Federal Reserve (Fed). (The poll was taken prior to the rate hike this week, when the Fed raised interest rates by 25 basis points.)
About 28percent of delegates predicted there would only be two more, however, while 17.5percent of those polled thought there would be six or more yet to come.