Global funds adding exposure to bonds

Due to the recent rise in volatility across markets, many global funds have upped their bond allocations, reports Reuters.

Plus, Reuters finds, the “yuan devaluation and a steady stream of weak data ha[s] fanned fears that the [Chinese] economy is in worse shape than previously thought. Chinese equities have fallen 45% from mid-June peaks, [with] the resulting shock waves rippling as far out as New York and Frankfurt, wiping trillions of dollars off global stocks over the past month.” Read more.

Also check out:

The 10 U.S. companies holding the most cash are…

Fed worries about China as U.S. considers raising rate

Markets to continue wild ride

Global real estate remains active

Hunt for high yield continues: NASDAQ analyst

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.