Wesley Lebeau, portfolio manager at Amundi subsidiary CPR Asset Management,has dropped his position in Tesla, describing the automotive tech innovator as "overvalued".
Lebeau, who manages the CPR Invest Global Disruptive Opportunities fund, was initially impressed with the returns of his 1% position, which he bought in December. He said:"Tesla had incredible performance...
Retail companies could exceed expectations
Debt has become the opioid crisis of the global economy.
Bond investors spent most of last year transitioning towards a more fundamentally driven approach to selecting assets.
There is something strange going on in Europe according to some commentators - the market has rallied aggressively post the trade war-induced sell-off in the fourth quarter of 2018.
We expect to see continued market volatility and macroeconomic uncertainty in the UK throughout 2019, not least due to Brexit.