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Being cautious has helped British mutual funds investing in Europe, but James Mackintosh, investment editor, suggests it’s now a bit late to turn defensive.
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An earthquake is approaching in emerging markets, according to Alberto Gallo, head of macro credit research at RBS. He explains to the FT’s capital markets editor, Dan McCrum, his worries and why Brazil is one of the most exposed countries.
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Are the troubles for Volkswagen, Glencore and emerging markets the beginning of something much worse? James Mackintosh, investment editor, finds reasons for hope that shares are just catching up with bonds – but worries abound.
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