Henderson braces for new stock market lows

The first half of 2008 was an awful one for financial markets worldwide, and with the markets performing no better at the moment, itÆs easy to be pessimistic about the rest of the year, says Tony Dolphin, director of economics and asset allocation at Henderson Global Investors, which manages around $118 billion worldwide.The MSCI All Country World index fell by 14% in local currency terms in the first half of 2008. All major equity markets recorded double-digit falls. Bonds fared a li…