Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Head of Fixed Income Strategy
Summary: Venezuelan bonds have rallied along with risk sentiment in early 2019, and the US' recognition of Juan Guaido as interim president has boosted them further still. The risks remain high, however, as Maduro is still in power and the situation remains unresolved.