The flow-driven rally witnessed this year has left valuations across the board stretched and therefore vulnerable, particularly given the strong returns generated by the majority of investors in risk markets.
With most emerging market (EM) sub-asset classes up 8%-10%, so far it is difficult to see much more room for yields to head even lower. Gallery: What will frontier markets look like in 2020? The...
Joe McDonnell joins as head of portfolio solutions (EMEA)
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253 deals in 2018
Changing fund structure