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Get Out Of Equities Before It's Too Late, Says Fund Manager

by fa-mag.com posted 1year ago 64 views
The tumble in equities may go deeper than the correction earlier this year and investors should get ready to sell, according to a Budapest-based fund manager. “Investors have to start looking for a way out from equities now,” Attila Dzsubak, investment director at MKB-Pannonia Fund Manager, who helps oversee 670 billion forint ($2.4 billion) in assets, said in Budapest. “Past experience shows that exits can quickly become too narrow.” The S&P 500 resumed its drop on Monday after finance chiefs warned of global economic fragility, and trade tensions between the U.S. and China escalated.

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