Rothschild: China Will Be Tested by Corporate Defaults

Rothschild Wealth Management is known for its focus on wealth preservation over high-risk deals that offer better growth, so it’s no surprise that it is cautiously optimistic even as it expects to see a continued global recovery this year. “China has experienced its first corporate bond default and there are ongoing concerns about the pace of economic growth. Meanwhile, tensions between Ukraine and Russia have been depressing investor sentiment,” writes Rothschild chief investment officer Dirk Wiedmann in the fund’s April letter. “These events remind us about the dangers of complacency.” Rothschild: China will be tested by corporate defaults China’s first…