Italy’s budget deficit proposal has investors concerned – with good reason.
We remain defensive, underweighting global equities and overweighting duration, alternatives.
Improved long-term fundamentals, and cyclical and near-term catalysts may boost MLPs.
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.
Get the GMAG's outlook across asset classes and see how they're managing their portfolios.