June was not a great month to be a fund manager.
Global stocks fell 8.8 per cent, the second-biggest drop in a decade. Bonds, meanwhile, are on track for the worst year since 1865.
The bludgeoning came from several directions — first the rapid ascent of interest rates and then rising fears of a recession in the US. But some investors say another factor was also at play: the world’s most powerful central bank has yanked away its safety net.
您已阅读3%（441字），剩余97%（12908字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。