So the certainty is even longer. For the iranians the auto phased approach to get rid of sanctions so they can participate in the World Economy , they can export again oil and gas and money that has been frozen in the united states. It might be that we have a treaty signed with the Foreign Ministers and then its a winning situation for both sides. There is some criticism that this framework is full of holes. I would not say it is full of holes. The technical negotiations can now start and within the next technical negotiations, they will try to overcome those problems they still have on each side. For example, the sanctions which have defined how should this work with the Security Council . There are some minor problems with what iran has to do with a certain amount of research and development. The will of the iranians to say we can after 10 years, but this has to be written in a form that can be signed at the end of june. Theres a lot of work to do and the Prime Minister had an interv
Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points
Square Mile downgrades trio of Richard Woolnough funds
M&G Optimal Income, Corporate Bond and Strategic Corporate Bond funds downgraded to an A rating after consistent underperformance
Square Mile has downgraded a trio of funds, worth over £7bn, run by M&G’s Richard Woolnough, alongside a £264m Legg Mason global bond fund, from AA to A in its latest ratings round-up.
Woolnough’s £2.2bn Optimal Income, £3.1bn Corporate Bond and £2.1bn Strategic Corporate Bond vehicles have all been demoted in the rankings due to “continued underperformance”.
Despite being billed as “flexible, all-weather fixed income strategies” that can outperform no matter the economic cycle, Square Mile said Woolnough’s duration positioning “has become something of a structural position” creating an “unintended bias reducing the flexibility of the funds to adapt to evolving market conditions”.
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