“In light of this, we considered whether the overall view of growth assets should be raised to positive to take advantage of improved valuation signals resulting from recent price falls. “On balance, however, while we believe double-dip and inflation risks are low, the consequences of such events would be extremely severe in a world with ballooning fiscal deficits and fragile banking systems. As a result, we have decided to retain our current neutral stance on growth versus defensive assets.
Pricing risk in highly insured zones will benefit emerging markets, says Twelve Capital’s Urs Ramseier.
Meredith BoothMay 6, 2021
Troubled times expose the vulnerability of managers without contingency funds which may prevent them from pulling different levers during a crisis and staying on top.
Jessica SierMay 6, 2021