Capital Markets - Focus

China enriches the portfolio

Short-term bonds - more (value) than liquidity substitute

Liquid alternatives are a useful addition in the low interest rate environment

Stronger synchronisation of equities and government bonds is also likely to shape the coming years

Passive investments change market structure and market behaviour

Industrial metals – at the beginning of a new super-cycle

Emerging markets debt: more room to run

Corporate bonds still offer opportunities in 2021

Small caps, big returns