Systemic Credit Crunch Replaces Inflation as Fund Managers’ Top Worry

Major US bank CEOs testify during a Senate Banking, Housing, and Urban Affairs Committee Hearing on the Annual Oversight of the Nations Largest Banks on Capitol Hill in Washington, on Sept. 22, 2022. Saul Loeb/AFP via Getty Images

A systemic credit crunch has overtaken inflation as fund managers’ top fear this month as the biggest risk to the markets, according to a new poll.

At least 31 percent of respondents labeled a systemic credit crisis as the most significant threat to markets, followed by 25 percent choosing stubbornly high inflation as the largest tail risk.