The ECB will cut the size of its monthly asset purchases to €30bn ($34.9bn) from January next year, ECB-president Mario Draghi announced on Thursday. Bond and equity markets as well as the euro hardly responded to the announcement.
Charles Martin, portfolio specialist for BNY Mellon’s Insight Investment, answers questions on the firm’s short duration high yield strategy.
The banking sector’s worrisome low valuations have the potential to spark a financial crisis, fund managers said.
Increasing uncertainty around Greece and the probability of an exit from the Eurozone has raised the alarm at several fund houses about a surge in market volatility.