The dominant financial theme was a sharp escalation in global trade tensions driven by new US tariffs, which disrupted global supply chains, weakened trade outlooks, and reshaped relative competitiveness between major economies. Download PDF
Global markets were increasingly driven by political developments, especially Japan’s election stimulus, UK political instability, and China’s Treasury positioning, while resilient economic growth and AI-led equity strength supported overall market performance. Download PDF
Global financial markets began 2026 with broadly constructive sentiment, as risk assets advanced while investors remained attentive to macroeconomic and geopolitical crosscurrents. Equities posted solid gains, supported by improving risk appetite, a weaker US dollar, and strength in select technology-linked segments, which contributed to notable outperformance in several non-US developed and emerging
Here is the NDL Fund Insight for February 2026. Download PDF
Geopolitical risk, driven primarily by shifting US trade and security policy, has become the dominant force shaping global markets, alliances, and economic decisions across regions. Download PDF
The new year brought little in the way of new order as on 3rd January President Trump launched US strikes in Venezuela that culminated in the capture of Nicolás Maduro and the abrupt disruption of the Bolivarian leadership. At the time this was huge news, albeit not very impactful on
Geopolitical risk, driven primarily by shifting US trade and security policy, has become the dominant force shaping global markets, alliances, and economic decisions across regions. Download PDF