Fidelity's Spreadbury: Ten years on from the credit crunch - are we seeing similar risks?

Three big differences

clock • 2 min read

As we move closer to the tenth anniversary of the credit crunch, Fidelity fixed income portfolio manager Ian Spreadbury believes today's environment is eerily similar to that of 2007, but with three significant differences.

We are now incredibly almost ten years on from the early stages of the credit crunch, yet much of the background all seems eerily similar to where we are today. 2006 was a year of global monetary tightening with the US tightening cycle having started in 2004 on the back of reasonably solid GDP growth and a modest pick-up in inflation. Global GDP growth had averaged about 5% p.a. over the three years to the end of 2006. Fidelity launches short-dated corporate bond fund for Vaid and Spreadbury Both bond and equity market volatility were at, or close to, all-time lows, as were corpora...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Fund managers more bullish on global growth following Trump win

Fund managers more bullish on global growth following Trump win

BofA Global Fund Manager survey

Beth Brearley
clock 14 November 2024 • 1 min read
21st Federal Reserve vice-chair Richard Clarida on Trump, the US election and the 2% inflation target

21st Federal Reserve vice-chair Richard Clarida on Trump, the US election and the 2% inflation target

Q&A with Pimco's global economic adviser

Linus Uhlig
clock 05 November 2024 • 5 min read
AJ Bell's James Flintoft: Negativity on China has become excessive

AJ Bell's James Flintoft: Negativity on China has become excessive

Increase in appetite for Chinese equities

James Flintoft
clock 22 October 2024 • 3 min read
Trustpilot