Read the summary of our view of the macro economic and financial situation provided by our leading investment professionals, ABN AMRO Private Banking's Global Investment Committee.
The major question is whether the recent rally and increased risk appetite can develop into a more sustainable positive environment. Due to the distortion as a result of the massive liquidity flows from central banks around the world, financial markets may not function as usual.
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Increase the Bond portfolio by adding exposure to global Emerging Market debt (currency-hedged for EUR-based investors) and take it from Cash
- Adjust the sector allocation in Equities, to increase cyclical exposure and restore the sector balance from defensive to more neutral.
To resume our major asset class strategies for you:
Equities: Neutral
Cash: Remains Overweight (though at lower levels)
Bonds: Underweight
Alternatives: Underweight (Commodities, Hedge Funds and Property)
Equities: Neutral
Cash: Remains Overweight (though at lower levels)
Bonds: Underweight
Alternatives: Underweight (Commodities, Hedge Funds and Property)