Investment Insights by Lockwood Advisors, Inc.

January 18, 2017

Fourth Quarter 2016

The major events of 2016 were driven by investor expectations and reactions to political and policy events. Normally, investors consider that political risk emanates from less mature institutions in emerging and frontier markets. In 2016, the risks came from surprises in developed markets. In 2017, we believe these risks are not likely to subside.

Investment Insights by Lockwood Advisors [PDF]