Many investors are unaware of how significantly monetary policy across developed markets has tightened, according to Seneca Investment Managers' Peter Elston, who echoed warnings this could be a catalyst for a global market downturn in the not-too-distant future.
The chief investment officer and his colleagues at Seneca IM have been reducing risk across clients' portfolios since 2017, at a time when Elston said there were "no visible signs whatsoever" of a downturn. ...
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