We have become more defensive, with a modest underweight to global equities.
Emerging markets, oil, and catastrophe bonds: Our current global asset allocation framework.
Decelerating economic activity over the past month has confirmed our view.
We expect equities to continue offering the most attractive opportunity.
Thanks to strong growth and rising earnings, the global backdrop remains positive in our view.
Fundamentals remain strong across all regions and global indicators suggest continued expansion.
Economic fundamentals remain positive across all regions.
We are adding risk to our portfolio amid signs of a reacceleration in global growth.
We believe the Fed’s plan to reduce its balance sheet is unlikely to roil bond markets.