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Climate risks, opportunities, to be major markets factor in 2020

Climate change will impact assets stretching from U.S. municipal bonds to renewable energy stocks in India, adding another layer of volatility to global financial markets in 2020, according to speakers at the Reuters Global Investment Outlook 2020 Summit in New York this week.

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“Weather patterns are having a direct impact on businesses and leading to massive uncertainty over the short-term and long run,” said Dan Ivascyn, chief investment officer at bond giant Pimco.

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