Summertime blues

Pendal Group

Pendal Group

By Crispin Murray, Head of Equity Strategies. The local equity market is suffering further declines, driven at a macro level by Chinese economic growth concerns alongside expectations of an impending US rate hike. The soft manufacturing data from China as well as the yuan devaluation have heightened investor nervousness. However, we do not believe the outlook for China has deteriorated significantly compared to prior weeks and note that while there is long term structural slowing of the economy there are some brighter spots that suggest policymakers’ efforts can control the slowdown – including the improvement in the country’s housing market. MORE. (VIEW LINK)


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Pendal Group
Pendal Group
Pendal Group

At Pendal Group, our vision is to combine the benefits of our strong institutional foundation and performance-focused culture with a multi-boutique specialist investment approach. We believe this approach firmly positions Pendal to achieve...

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