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How to win by not losing

“To win by not losing is the core of our investment philosophy,” says Wade. “Different policies globally result in diverging growth trends which are a key driver of corporate returns and lead to return dispersions.”

It’s therefore key for investors to perform bottom-up analysis as well as to view things from a macro perspective, believes Wade.

“It’s impossible to think of rigorous credit research without the context of macroeconomic analysis.”

tom@ybc.tv

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