The Retreat of Globalisation

In The Retreat of Globalisation, award-winning fund manager Gervais Williams outlines why we are entering a period when the culture of financial markets will change more in three years than it has in the last 30. Globalisation has been running into headwinds for a while, but until recently few appreciated that it had already passed its high-water mark. With the benefit of hindsight, we can now see events like Brexit and the election of Donald Trump in the context of a new social - and economic - trajectory.

Markets have already entered a period of flux. Social disenchantment with globalisation was already a political issue. But the market implications of a retreat from globalisation remain greatly under-appreciated. How can savers know what might constitute the best stocks in this changed world? The Retreat of Globalisation argues for some unconventional yardsticks going forward. The answers may seem counter-intuitive to those who have only known one set of economic conditions. But the need to find those answers has never been more pressing.

About the Author

Gervais Williams is an award-winning equity fund manager. As a professional investor, he has exceptional credentials. He received Grant Thornton's Quoted Companies' Award Investor of the Year in both 2009 and 2010; then in 2012 his Diverse Income Trust was recognised as the Best New Investment Trust by the Association of Investment Companies. He was also What Investment's Fund Manager of the Year 2014. Gervais is a respected commentator on prospective market trends. He outlined his controversial views in his book Slow Finance in 2011 and developed those ideas in The Future is Small. Gervais has worked in the City since 1985, where he is particularly well-known for the management of clients' investments in small to medium-sized UK companies.