Trustnet Magazine 57 December 2019 | Page 4

Cover story 4 / 5 [ 2019 IN REVIEW ] In an otherwise strong year for markets, Cherry Reynard found one subject left a sour taste. Here she rounds up the world of investment in 2019 Overshadowed E quity and bond market performance may have confounded expectations in 2019, but it has still been a tough year for asset managers. The collapse of Woodford Investment Management dealt a body blow to a sector already struggling with trust issues. However, the seeds of a revival could be found in the growth of sustainable investment. After a dismal conclusion to 2018, investors re-embraced risk at the start of 2019. The key was, once again, interest rates. At the start of the year, the consensus was for a gradual tightening of monetary policy and it looked as if it could be a tough year for bonds. However, as the Federal Reserve started to fret about weakening economic figures, TRUSTNET trustnet.com