Elements of change: Investing in an uncertain world

Atoms, bytes and genes represent our way of thinking about the evolution of the physical, digital and natural worlds, which constitute everything around us. We live in an uncertain world. The macroeconomic landscape in the 2010s was characterised by a stable environment of low growth, low inflation and low interest rates. The pandemic was the trigger to exit this environment. What the new environment is, only time will tell. Meanwhile, financial markets are increasingly driven by passive, algorithmic trading which is creating significant short-term volatility. Yet, while this environment...