Fund managers adopt wait-and-see strategy

Value Partners Group Ltd co-chairman and co-chief investment officer Datuk Seri Cheah Cheng Hye

WITH oil prices having seen much gains in recent weeks as a result of the Russia-Ukraine war, there are worries that a full-blown recession – often a result of high oil prices – is on the horizon for most economies.

Strong crude prices tend to correlate with recessions as they impact the prices of consumer products like gas and food and curtail consumers’ spending power.