Wealth and Asset Management
BofA downgrades Schroders as ‘most sensitive’ to recession
Bank of America (BoA) has downgraded Schroders and Ninety One in an intensification of its bearish outlook on the UK asset management industry. In a note yesterday, BofA Global Research reiterated its negative position on UK fund firms ‘on recessionary risks, weak flow momentum and valuation’, with Schroders viewed as…
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