The global economy appears poised on a knife-edge with commentators divided between the double dippers and the more optimistic who think we can escape plunging back into recession.
Markets have had a turbulent week as conflicting data from the US and the UK put investors in a tail-spin. So how will fund providers respond to this environment of uncertainty as the traditional period of new launches gets underway in September? Fidelity is one of the first of the big players off the blocks with its Equity Growth Defender fund. It aims to offer investors equity growth, while defending both capital and growth from the full impact of market declines. This sort of strategy will appeal to spooked investors, with the fund able to switch more of the portfolio into cash to ...
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