As we enter a period of interest rate rises in the US – with the UK and Europe potentially following suit at some stage during 2016 – and move into a year of US elections and a possible EU referendum, the investment climate globally has rarely been less certain. Smithfield and the Edelman offices in New York and Chicago have collected the thoughts of senior figures from some of the leading financial institutions within our client base about what 2016 may hold in store. This compilation of views explores the prospects, as our clients see them, for various asset classes across debt and equity markets, as well as analysing wider themes impacting investments, such as regulation and policy developments on both sides of the Atlantic.