A 9 minute watch.
In the latest from our Deep Matters series, Bambos Hambi, head of fund of funds at Standard Life Aberdeen, talks Gary Shepherd through his current positioning in an environment where we are “nearer the end than the beginning of the economic cycle”.
Putting the probability of a global recession at around 30%, Bambos says his portfolios are at the “middle of risk-on”.
However, this means he can take positions in higher-risk assets, including emerging market local currency debt which he bought last year at the height of the currency problems in Turkey and Argentina.
Bambos also reveals the asset class which delivered the best performance in his portfolios in 2018…