“Gravity” is about to reassert itself on financial markets as the weight of the recent string of rate hikes filters through to the real economy, Ruffer Investment Company managers Duncan MacInnes and Jasmine Yeo have warned.
"We stick to our increasingly unfashionable belief that record monetary tightening's full impact has yet to be felt," the managers said in their monthly fund report. Ruffer makes first ever buyback in near 20-year history amid poor performance MacInnes and Yeo warned that China's re-opening had been "sputtering", as its $60trn property market has struggled after years of regulatory pressure and shaken household confidence. "We believe fatter market tail risks from China's economy - and politics - will remain with us for years to come. Expect surprises," the managers added. R...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
