Investors give their advise on robo-advisers, ECB policy and the US presidential election.

Are we getting to the limits of the ECB monetary policy?

Georgina Sierra, Portfolio Manager at Solventis, says: «The ECB can definitely go even further. The trust is that, in a fiduciary environment, there are no theoretical limits to monetary expansion. However, if “limits” means how far we have to go to get inflation climbing up 2%, we have spent long enough. Conversely, when interest rates are well below zero, money hoarding becomes a problem and yield hunters promote a spiral of high-risk asset purchases with an anesthetic effect on volatility, which feeds the spiral of purchases and enter into what we could name as “anesthetic circle”, where the perception of the real risk is completely biased and the correlation increases.»

Fuente: Investment Europe