Risk Par(i)ty

One of the truisms of the current market is that volatility – both historical and implied –  is historically low, but just how extreme is it? How does this manifest itself in the bond, as opposed to the stock, market? What does it tell us about the risks we may be running by maintaining naked exposures?

Please follow the link to find a brief, but instructive overview of this most burning of  issues:-

17-10-18 Vol

The Eternal Triangle

Are equities ‘overpriced’ and if so, by how much? What about bonds or that largely forgotten asset-class, commodities? How do the three of them inter-relate and can we take advantage of such behaviour in order to build a better, more macro-resilient portfolio?

We take a detailed look, here, in the presentation found by clicking on the link:

17-10-18 Assets