Old Mutual Global Investors' Richard Buxton has warned five major trends could affect the global economy throughout September and October.
The manager of the £500m UK Alpha Plus fund said tapering, this month's German elections, China's growth figures and a pair of issues in emerging markets could see the market suffer its "traditional wobble" in the next two months. "The moment Bernanke said 'taper', the impact in emerging markets with deficits and lack of direct investing [was severe]," Buxton said. "If America's current account deficit is narrowing, that is not usually good news for other countries. "Rather than tapering being the thing we have to worry about - it has been so well flagged - we need to look at the s...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes