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Aymeric Poizot, Fitch Ratings’ EMEA Fund and Asset Management Group |
Demanding transparency
Increasing risk aversion as a result of the liquidity crisis has hit small and mid-cap stocks hard, writes Aymeric Poizot.
The liquidity crisis that started in July 2007 in the US real estate market has triggered a “flight to quality” phenomenon, which has led investors to move their capital to “safer” assets.