Multi-Asset Managers Reduce Risk as Recession Fears Grow

A number of multi-asset fund managers have been dialling down their exposure to risk assets, but still believe the equity bull market can keep going

David Brenchley 8 August, 2018 | 1:21PM

Wall Street - US Investing

Multi-asset fund managers are continuing to slowly reduce risk positions in preparation for a recession that could, according to Investec’s John Stopford, be anywhere from 12 to 36 months away. But they are not quite ready to be outright defensive just yet.

The current bull market is pretty long in the tooth now. In fact, Bank of America Merrill Lynch notes that we’re less than 14 trading days away from the S&P 500’s bull market becoming the longest of all time.

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About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk

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