Aviva Investors' multi-asset team is taking a more "selective" approach to where it takes risk across portfolios, in the face of a "consolidation period for markets".
The portfolios had begun the year geared for a "dramatic appreciation in stockmarkets", with portfolio managers predicting a "market melt-up" where markets spike before a steep decline. This transpired in early February which saw dramatic declines across global markets, with the US suffering its worst-trading day in two years. At the time of writing, the S&P 500 is yet to recover entirely from the more than 10% fall suffered in the first quarter of 2018. 7IM's Tirmizi: Is this the 'new normal' for US markets? Head of Aviva Investors' multi-asset fund range Sunil Krishnan, who i...
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