Abrdn shutters three more funds
Liquidations are part of its plan to merge or close over 100 strategies
Liquidations are part of its plan to merge or close over 100 strategies
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JP Morgan AM and Jupiter managers among those reluctant to tap into climbing gilt yields
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Central bank’s intervention may have calmed markets, but clouds linger on the horizon
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While US bonds, healthcare and Latin America deliver the only bright spots
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Weighting to equities pared back as ‘further deterioration’ expected
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‘People are getting out their long-term history books to find an example of worse one-day price moves’
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But UK gilts have sold off sharply in recent weeks over fears energy crisis will drive inflation higher
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Emerging market funds, particularly Latam, dominate last month’s winners
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But retains higher allocation to alternatives
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Tilt towards quality and defensive plays like short dated credit and govvies alongside rising cash levels
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With markets aggressively pricing in Fed tightening, value could be returning to global bonds, says T Rowe Price’s Quentin Fitzsimmons
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Whereas UK stocks gave ‘creditable’ performance in a poor month for markets across the board
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