valuations

Dispersion now in 'top 5% of extreme levels'

RICS to remove MUC guidance

Chinese equities have led the recovery since the March downturn, with performance supported by net flows into ETFs (along with other funds).

The market response first, to the Covid-19 crisis, and second, to the huge stimulus packages announced to offset it, has been astonishing.

The onset of the current crisis has exposed fragilities in the global economy caused by a long obsession with efficiency, to the exclusion of all else.

Today's 'stockmarket darlings' still rich in profits

Weighting drops to over 26% of portfolio

Are stockmarkets in a bubble or a recession? Well, arguably it is both.

Europe faces several challenges, specifically German manufacturing, trade wars and Italian budgetary pressures.

Fund forced to sell off part of portfolio