Last week the Federal Reserve boosted its interest rates to 0.25%, causing the dollar to rally. Off the back of the announcement, fund managers shared their views on the impact and effectiveness of this interest rate hike versus the one last year. Thanos Bardas, head of interest rates, sovereigns and global investment grade fixed income, at Neuberger Berman explains in Portfolio Adviser why he believes the rate hike is positive, especially in comparison to the one in 2015.
In the Financial Times, Charlie Carnegie, research director at Arisaig Partners, and Eric Pedersen, head of responsible investments at Nordea Asset Management, discuss divesting from emissions-heavy dairy and meat industries. Link