Man GLG's Scott on the outlook for credit

As we approach late cycle, global markets are characterised by low growth and falling inflation.

Unemployment remains at low levels and the central banks outside of the US are tapped out, many of them having played their hand. As a result, we expect equities to be volatile in 2019 and credit to post much better risk-adjusted returns. While 2018 was characterised by bouts of volatility, with credit markets naturally seeing some correlation to equity markets in these periods of drawdown, we believe that in the medium-to-long term correlations will be less pronounced. Man GLG acquires Sanlam FOUR's strategic bond fund business as Veysey and Kotze move across As a result, high ...