A markedly "nasty" global recession over the short-to-medium term is likely, according to Hermes Investment Management's Eoin Murray, who believes the spread of "Japanification" - when an economy suffers a prolonged period of low growth and low inflation, mounting levels of corporate debt and pricing bubbles across asset classes could bruise developed market economies.
What's more, the chief investment officer warned a majority of developed market debt and equity assets have been outperforming global growth since the 1990s, which he said is unsustainable and will inevitably...
Expanding European strategy
Proceeds being returned to investors
Revisiting old structures and practices
Follows Morningstar rating suspension last week
Significant amount of bad news 'baked in' to markets