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Stock markets around the world experienced a dramatic sell off in June. Indeed, in the US, it was the worst month recorded since 1930. The credit crunch started the rot more than a year ago but that did not stop many markets hitting all time highs subsequently.
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As expected, the rate of inflation has continued to rise. Official statistics show the Consumer Prices Index (CPI) stepped up by 0.5% to hit 3.8% in June, with the Retail Prices Index (RPI) notching up a 0.3% increase to stand at 4.6%.
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Marcel Porcheron, our Emerging Market analyst, recently attended this year’s Euromoney
Indian Investment Conference in London for an update on one of the World’s key emerging
markets. He heard from representatives of government, corporate India and the investment
and banking industries.
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Managers who did well in previous poor economies and are still managing money.
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In April the IMA reported the biggest net inflows into bond funds (£630m) since 2006 as investors became more positive on the asset class
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