Greece "not a Lehman", says Deutsche Asset and Wealth Management CIO
THE Greek situation will not cause a global financial crisis but creates volatility that could be useful to investors who want to add European equity positions, said Deutsche Asset and Wealth Management's chief investment officer Asoka Woehrmann.
"We're not going to rush in, we're going to be patient," he said in a recent briefing for Singapore media.
He described the world economy as being in a non-textbook-like recovery cycle that is extraordinarily slow but steadily moving up.
"If this is a normal cycle, after six years of a bull market, we have to prepare now for very disruptive markets. After six years, I still believe risk markets have not seen the top."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree
TD risks an earnings hit from US laundering probe, analysts say