Staff
Due to the recent rise in volatility across markets, many global funds have upped their bond allocations, reports Reuters.
Plus, Reuters finds, the “yuan devaluation and a steady stream of weak data ha[s] fanned fears that the [Chinese] economy is in worse shape than previously thought. Chinese equities have fallen 45% from mid-June peaks, [with] the resulting shock waves rippling as far out as New York and Frankfurt, wiping trillions of dollars off global stocks over the past month.” Read more.