We shift our equities position back to strategic levels, taking profit on our very successful overweight that we maintained throughout one of the strongest equity rallies in post-war history.
The upcoming earnings season, a recent uptick in coronavirus infection numbers and political developments in the USA create a challenging backdrop for financial markets going into the summer.
Equities remain attractive on a 3–6 month horizon, but prudence is the best guide for the time being.
In late March the Investment Committee decided to move into an overweight allocation in equities. Though a contrarian move at the time, this decision allowed
The upcoming earnings season, a recent uptick in coronavirus infection numbers and political developments in the USA create a challenging backdrop for financial markets going into the summer.
Equities remain attractive on a 3–6 month horizon, but prudence is the best guide for the time being.
In late March the Investment Committee decided to move into an overweight allocation in equities. Though a contrarian move at the time, this decision allowed
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