Markets have realised they have a new concept of risk to play with: idiotic risk. Largely unquantifiable, we see many shining examples, whether in North Korea, the White House or No 10.
With increased market volatility and the impact of global political events, Legg Mason's Gary Herbert explains why investors need to watch out for liquidity red flags in many areas of the fixed income market
Further work is needed
Concerned about FANG stock valuations
In regulator's Sector Views paper
Follows FCA evidence of 'moderate' decline in liquidity
Follows last year's property fund suspensions
Publishes 14 recommendations
AXA IM's global head of fixed income John Porter talks to editor Katrina Lloyd about the significant pockets of volatility which could open up as investors move away from a deflationary mindset, and why overinvested assets could suffer the greatest liquidity...
Not meeting regulator's expectations