Infrastructure came into its own in the last quarter of 2018 as investors rotated out of growth stocks, which have soared in value, in search of more defensive assets.
Investors use the Asian country as a source of alpha, playing monetary policy and yen weakness. However, this approach means that they miss out on long-term diversification attributes.
Saxo Bank speculates that the EU may opt for a debt jubilee, while a Corybn-led Labour government could send the pound to parity against the US dollar.
