With interest rates likely to remain low for the foreseeable future, investors continue to face the dilemma of how to achieve a good level of income while carefully managing their risk exposure.

Net New Assets (NNA) during the month amounted to EUR9.5bn, a level comparable to the first months of the year. Total Assets under Management are up 12% vs. the end of 2016, reaching EUR579bn, and including a positive market impact of 3%. Emerging Market and European equities benefited from a more risk on environment.

EDHEC-Risk Institute study shows that goal-based investing principles can be used to design scalable retirement investment strategies that meet individual investors' needs

Since Donald Trump was elected, investors have gradually been reassured on their fears on deflation, growth in emerging markets, and uncertainties on the euro area, which had dented appetite for risk between end-October 2015 and mid-February 2016. They therefore played the global reflation theme.

Just as political risk seemed confined to developed markets, Brazil sent a stark reminder yesterday that presidential upheavals are not something buried in Emerging Markets' past.