Trade, inflation, slow growth and yield curve to blame
Financial markets became scared at the end of last year that the US Federal Reserve's monetary tightening could precipitate the country's economy into recession.
Maintaining portfolio weightings
Bond investors spent most of last year transitioning towards a more fundamentally driven approach to selecting assets.
US stocks had a turbulent last quarter in 2018 and have been somewhat volatile since the start of this year.
Managed fund since 2017
US/China and Brexit behind selected calls