Though the recovery of the world's most influential economy is set to continue, headwinds in the shape of a rise in interest rates are building. Ken Rayner asks: How will North America cope?
This sector comprises funds which invest at least 80% of their assets in North American equities. The US economy remains the most influential globally and most of the world's equity markets are correlated to it either directly or indirectly. This means that all investors need to be aware of what is happening in the American economy, as well as in their domestic markets. Last year was a good one for the US economy, despite a poor start and some higher levels of volatility in the final quarter of the year. In the US, though the labour market is buoyant, wage growth has remained muted...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
