Carmignac: Global growth will 'not fall out of bed'

Edouard Carmignac said his group is firmly in the China soft landing camp, but has hedged large chunks of its €50bn portfolios against short-term risks.

Speaking at the Morningstar Investment Conference, the CIO and chairman (pictured) of the French investment house said, in the medium term, global growth will not "fall apart" as a result of China's continued strength in GDP numbers. However, the problems in the eurozone are creating short-term crises of confidence. "Europe has weighed heavily on markets over the past three years since the Greek crisis emerged. It has created ultra-fever points that have impacted the investment scenes. That Europe is facing a recession is no surprise - all countries apart from Germany are facing negative...