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.

Safe havens: undesired outcomes

Broadly speaking, history is on the side of the optimists, and that means investors are best served in the long term by tilting their portfolios towards risk assets such as equities, rather than traditional safe haven assets.