Professional Wealth Managementt

By PWM Editor

“Capital preservation is key in the current market, where volatility is a euphemism for losing money. If you fail to preserve capital, the eventual recovery is irrelevant as you will have simply lost too much. Convertibles disappointed but this asset class now appears to offer good value with some issues trading below the straight bond. Odey did particularly well in Europe and our fixed income managers managed to make some money. Schroder Tokyo also performed relatively well. We have a defensive positioning and are in no rush to change.”

 

Already registered? Sign in here to access content now.

 

To read PWM content for free, register now by completing a short form.

 

Registered users benefit from:

  • Full access to all articles, videos and podcasts
  • E-newsletters featuring the latest content
  • Coverage of the latest opportunities, challenges, game-changing regulations and competing markets
  • Bespoke PWM research: sub-advisory, asset allocation, Global Private Banking Awards, Wealth Tech Awards