Market notes: reflections on a tough 2018

2018 looks set to go down in history as one of the worst years for investors for a long time. Something like 85%-90% of all asset classes have produced a negative return year to date, and if there is to be a so-called Santa rally, the traditional end of year spurt in the equity markets, then we are leaving it very late to experience it. You don't have to look far to find at least one of the primary causes of this year's co-ordinated loss of wealth, as M&G's respected bond guru Jim Leaviss points out.

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