Emerging markets have had a torrid summer, as the threat of a slowdown in China and the possibility of QE tapering in the US weighed heavy on investor sentiment.
A lack of growth in global productivity is even more of a worry than the impact of rising interest rates, according to Hermes Sourcecap CEO Andrew Parry.
The deterioration of liquidity in bond markets has continued apace over the past year, leaving fund managers at risk of becoming forced sellers of bonds if there is a full-scale rotation out of the sector.
A lack of growth in global productivity is even more of a worry than the impact of rising interest rates, according to Hermes Sourcecap CEO Andrew Parry.
Barings' Ian Pascal is joining Hermes Fund Managers as head of marketing and communications, replacing Rob Page who exited the firm in April to join Henderson.