Monthly Investment Outlook - August 2021

Once US interest rates start rising, will it be a case of a rising tide lifting all boats, or will there be some that run aground?

In this month's memo we:

• Take a look at the effect of rising interest rates on bonds and equities in emerging markets, with a focus on Chinese Equities

• Examine the effect of the Fed's delay in tightening measures

• Explain why we see a potential red flag in equity markets

• Take a look at why investors should not rely solely on liquidity-driven opportunities