Hold your nerve says Russell
Russell Investment Group is urging investors to hold their nerve in the face of survey data revealing that Australian fund managers are becoming increasingly cautious about the outlook for global equity markets, as conditions worsen in Australia and offshore.
Russell chief investment officer for Asia Pacific Peter Gunning said despite this softening, investors needed to keep their nerve in what was an increasingly volatile market environment.
“Markets will always fluctuate and investors need to ensure they retain a disciplined, long-term investment approach in the face of recent changes,” he said.
Gunning said the fall in sentiment was the result of a range of challenging market conditions, with current market anxiety based on concerns over rising inflation, excessive central bank tightening and a slowing US economy.
He said closer to home, tight labour markets and rising inflation had pundits closely watching the next moves by the Reserve Bank of Australia.
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