Insights to build stronger portfolios
Timely commentary, strategic perspectives and in-depth analysis from our investment teams to help guide your portfolio decisions.
Asset class views from our senior investors
Global Asset Allocation Views 3Q 2019
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Trade disputes are raising the downside risks to our forecast for slightly subtrend growth. We retain our mild underweight to stocks and prefer to take risk in carry assets like credit. Reflecting valuations, we downgrade duration to neutral.
Global Equity Views 3Q19
After a strong first half, we are a little cautious, but see no reason to move aggressively away from equity exposure. Many defensive stocks are richly priced, we see opportunity in out-of-favor value, and we continue to monitor trade tensions.Read the report
Global Fixed Income Views 3Q19
Given trade escalations, Sub Trend Growth is our base case (45% probability) with Recession probability at 20% as consumer and corporate confidence erode. Favored sectors: three- to five-year corporates, long government bonds, and short securitized credit.Read the report