After the end of an eventful 2016, Arne Hassel, Chief Investment Officer, and William Hobbs, Head of Investment Strategy in UK and Europe, look back over the past 12 months and explore five key themes that investors should be thinking about for the year ahead.

Equity sector: reflation trades

The recent turbulent period for bond investors has proved to be a boon for some of the more cyclical areas of the equity market.