Bernard Arnault's fortune declined amid concerns about dampened demand for luxury goods.
The fund invests in 'harder to reach' bonds such as high-yield and emerging market debt.
Funds may have to turn bullish on global equities if stocks continue to rally, they said.
Euro-area stocks remain extremely cheap compared to their U.S. peers.
They are forecasting “roughly flat” earnings growth in most regions this year.
The conventional wisdom that quality growth stocks are difficult to find outside the U.S. is a misconception.
The global economy's most important institution has lost its way and must urgently address two structural deficiencies.
Man Group Plc says the recent rally in emerging markets wasn't justified by economic fundamentals.
The Bridgewater Associates founder said the nations are "already on the brink of war."
The G7 countries can soften the blow by coordinating their fiscal and monetary policies.
They are sticking to their gloomy outlook for the rest of 2023, unconvinced by a 10% advance in the Stoxx Europe 600.
Diversification and a flight to safety mark the new portfolio mix, a Fidelity Institutional executive says.
Most of the recent "fallen angel" bonds were issued by Nissan or two regional U.S. banks.
Momentum in global equities could shift as China slows its monetary easing and tightening continues elsewhere.
Consumer prices have started to fall significantly across emerging markets in recent months.
Quantitative analysis enables fact-based investing without emotion-based decisions, this executive says.
The banks strategists are particularly negative on technology shares.
Until a credible alternative to the dollar can be found, the greenback's dominance will not really be in doubt.
The new funds will launch this autumn, expanding the asset manager's active ETF lineup by one-third.
The financial markets remain fragile and stressed, the IMF said.