Risky bets are off as year-end approaches

Singapore

FINANCIAL markets are likely to take risky bets off the table as the year-end approaches, a risk manager says, citing a combination of adverse factors.

Olivier d'Assier, Axioma's Asia-Pacific managing director, said small-capitalisation, low-volatility and momentum bets are due for a correction after doing well in the past few months.

In addition, the global economy is not doing as well as people thought it would. Th…