If almost nothing else of note had occurred in 2016, the events of Nov. 8 would still have made it a watershed year for markets and managers. The immediate question is: “Now what?”
As our team at Axioma gathered to ponder this matter, at least in terms of the election, one thing became clear: No one really has a clue — at Axioma or anywhere else, for that matter. So rather than speculate on what we don't know, let's consider what we do know. And at least one thing is certain: most of 2016 was a tough year for active managers, and 2017 is unlikely to be any easier.
That said, here's our list of eight items that — the actions of the president-elect notwithstanding — are likely to shape the investment landscape in 2017.