• The sudden escalation in the US-China trade war this week caught investors off guard, causing a major global sell-off in markets that had been hitting record highs.
• While the trade dispute will likely lead to more volatility in the near term, we believe that all the incentives are in place for both parties to reach a positive outcome that will ultimately create a good backdrop for global growth.
• In our view, the volatility that we are currently experiencing could create opportunities to find attractive valuations in both growth- and value-oriented companies – particularly for investors who can look past the noise and take a long-term perspective.

NAFTA = North American Free Trade Agreement

This video was recorded on 6 August 2019.