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RBC's King: Fixed income outlook muted, but GEM remains good long-term bet
by Elsa Buchanan on Oct 07, 2013 at 10:00
Fixed income continues to face a number of headwinds which are likely to mute returns, says RBC's head of portfolio strategy George King.
Although the Federal Reserve's decision to delay the tapering of quantitative easing surprised markets, the likelihood of vice chair Janet Yellen taking over the hotseat from Ben Bernanke is likely to result in a continuity of policy.
Geographically, King adds that global emerging markets remain the favoured long-term play with RBC and Capgemini's latest wealth report revealing that the region accounted for half of the global growth in wealth in 2012.
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on Dec 10, 2013 at 12:57