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Almost half of big investors predict a stock-market drop in 2020

Natixis finds the world’s largest investors in wait-and-see mode, hamstrung by political turmoil

US President Donald Trump leaves 10 Downing Street on December 3 on his way to a NATO summit held outside London. Investors expect another year of political volatility, including the 2020 US election, to weigh on markets
US President Donald Trump leaves 10 Downing Street on December 3 on his way to a NATO summit held outside London. Investors expect another year of political volatility, including the 2020 US election, to weigh on markets Photo: Getty Images

Almost half of the world’s large investment funds, such as pension schemes, endowments and insurance firms, think the stock market is due for a correction in 2020, according to the latest survey of their views.

The finding, from an annual survey by Natixis Investment Managers of 500 funds worth a collective $15tn, marks an uptick in scepticism from last year.

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