We expect risk assets to continue to grind higher, and maintain our exposure. It might not be time to add too much risk, but we don't think it's time to take it all off either.

On Wednesday, US stocks fell dramatically, with the Dow Jones Industrial Average falling more than 800 points. The rout was led by technology stocks, with the NASDAQ Composite Index down 316 points, but all sectors experienced losses. This was the worst one-day sell-off for US stocks since February. For much of the day, bonds sold off as well but, by the end of the day, a flight to safety occurred in US Treasuries, sending yields lower.

Jupiter has today launched the Jupiter Eurozone Equity fund, a sub-fund of the Jupiter Global Fund SICAV. Managed by Head of Strategy, European Opportunities, Cédric de Fonclare and co-manager Greg Herbert, the fund will look to achieve capital growth over the long term (three to five years).

The US bull market is officially the longest on record since World War II surpassing the 1990, 2000 and 2007 peaks. It is hard to imagine the music won't skip a beat in the face of rising rates, shrinking central bank balance sheets, curtailing liquidity, trade spats, wage inflation risks, and emerging market credit concerns.

BNP Paribas Asset Management (‘BNPP AM') announces the closing of BNPP AM Euro CLO 2018 B.V., a EUR 411.25 million securitisation vehicle that invests in a diversified portfolio of syndicated leveraged loans to European corporates.