Take profits or run the risk of a correction
Dilemmas facing the modern-day active manager
Michael Lok of UBP
While the turnaround in central banks' tone since the beginning of the year helped boost equity prices and dampen volatility, it looks highly unlikely this is enough to maintain a longer term rebound.
The impressive V-shaped movement we witnessed in recent months complicated strategists' and portfolio managers' work; market timing in particular is proving to be quite tricky. Those who reduced risk...
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