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“Our outlook is unchanged, we remain positive on US economic growth prospects. We are positioned for a global recovery by being underweight duration, overweight US and other developed markets. With emerging market economic growth in limbo, weak commodity prices and higher borrowing costs, headwinds remain for these economies. The risk remains of increased market volatility, in light of the threat of US Federal Reserve ‘tapering’, and rising oil prices in the wake of the Syrian crisis.”

David Coombs, Head of Multi-Manager Investments, Rathbones


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