Equities Pullback Is Liquidity-Driven, Schroder CIO Says

Patrick Brenner, CIO of multi-asset at Schroder Investment Management, says the recent pullback in equities is tied to liquidity and that he remains positive on markets. “Those US large cap, high quality tech names actually have been holding up pretty well,” Brenner explains on Bloomberg Television. “For us, this is kind of indicating that this is probably more liquidity driven than fundamentally driven.”