Another market correction reinforces our caution

Global economic update  |  May 23

Highlights of the past week, from the economy and profits to Europe and interest rates.

Currency

CHINA: The yuan fell to its lowest level in two months.

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Unconstrained strategies have faced headwinds since 2013, but the potential for interest rate normalization in coming years gives institutions motivation to consider diversifying investments across numerous out-of-benchmark sectors.

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