The global recovery is likely to be slow and require sustained policy help. But an inflection point in the global economy should encourage investors to rebalance their portfolios to reduce cash, and look for opportunities to increase equity exposure while staying with high quality bonds.
Equities have already staged a strong recovery from their bear market lows. And
in developed markets we expect to see big, fat trading ranges prevail over the
medium term.
No comments:
Post a Comment