In such circumstances, the traditional guiding mantra of "safety, liquidity, return" needs recalibration in order to retain its operational relevance. It appears that the greatest challenge has been to balance the increasingly positive signs of global economic recovery, with uncertainty driven by geopolitical event risks.
It is perhaps tempting to suggest that this has receded somewhat after a series of elections across Europe where the rise of populist parties appeared to have been halted, if not fully rebuffed.