It would be a short-cut to say that globalisation is over but the globalisation that people have in mind is not true any more
Our long-term Investment Megatrends
Globalisation is changing with economic implications to follow. We don’t think it has gone into reverse, but it is clear that certain elements of the globalisation of the past is changing quite dramatically.
We have definitely had to modify our understanding of globalisation since the Global Financial Crisis (GFC). The crisis caused a great deal of upheaval, which resulted in a more fragmented and disunited world, with many nations no longer prepared to engage with other nations as much as they did prior to the GFC. The two best examples of that are probably Donald Trump moving into the White House and the outcome of the EU membership referendum (Brexit) in the UK.
Alongside a range of structural economic changes, we see the acceleration of various investment themes that we have identified as well as the creation of new opportunities for investment. Further insight in our thoughts on this topic can be found in our ARP Observations - A new era of globalisation
As part of our commitment to responsible investing, we are signatories of the UN PRI and have linked this megatrend to the following UN Sustainable Development Goals: