Manager of the Jupiter Strategic Bond fund Ariel Bezalel is at his "most bearish in a decade" and has begun increasing exposure to US Treasuries, warning a global recession could hit within 18 months.
Bezalel, who has managed the £3.9bn fund since 2008, said there are a variety of issues facing global markets, such as disappointing European growth, challenging demographics in a number of countries,...
The US dollar is close to peaking and the risks now seem to be on the downside.
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