The tumble in equities may go deeper than the correction earlier this year and investors should get ready to sell, according to a Budapest-based fund manager.
“Investors have to start looking for a way out from equities now,” Attila Dzsubak, investment director at MKB-Pannonia Fund Manager, who helps oversee 670 billion forint ($2.4 billion) in assets, said in Budapest. “Past experience shows that exits can quickly become too narrow.”
— Alastair Williamson (@StockBoardAsset) October 15, 2018
Very apparent housing mkt is slowing. pic.twitter.com/PArEmfPfdn
— Teddy Vallee (@TeddyVallee) October 15, 2018