Asset managers and multi-asset teams cut their exposure to global equities in August as the US-China trade dispute threatened to escalate further and Europe continued to show weakness, with firms now wary of the world sliding into recession.
Recent months have already seen investors rushing to the perceived safety of government bonds, sinking the yield on the benchmark US 10-year Treasury below 1.5% for the first time since 2016 and the 30-year...
'UK investment case remains strong'
'No viable alternative'
Assist customers to get better deal
3 March 2020
CIO Stephen Jones will take up UK duties on an interim basis