Asset managers' recent interim results have been peppered with words like "challenging" and "difficult", as risk aversion among investors grows and fund outflows hit multi-year highs.
European investment managers suffered the worst month for fund flows in five years in June, according to Morningstar data, across active and passive offerings. Bond funds saw outflows of nearly €11bn...
The US dollar is close to peaking and the risks now seem to be on the downside.
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