The ABN AMRO Investment Committee continues to prefer equities over bonds. Within alternative investments, real estate and commodities are favoured, while a neutral stance is taken toward hedge funds. For clients with US-dollar portfolios, it is suggested that they consider hedging europositions, to protect against further weakness in the euro.
Improving economic conditions, major stimulus in the US and technological transformation are creating the trends that will be the basis of investing in 2017.
The new administration in the United States of America is expected to give an impulse to the US economy, leading to positive implications worldwide with a 3.4% global growth expected, writes ABN AMRO Private Banking its Investment Outlook for 2017 Growth Connectors, published today.
In line with the strategic update as announced on 16 November 2016, ABN AMRO has decided to sell its private banking operations in Asia and the Middle East to LGT. LGT is a leading international private banking and asset management group.
In Sunday’s referendum, the Italian people voted against reforms of the Italian Senate. Prime Minister Matteo Renzi offered his resignation, meaning that we are entering a period of political instability in Italy.
This week, only two things seemed to matter: the agreement among oil-exporting countries to cut their oil production and the upcoming Italian referendum.
Bond yields are rising and the Italian referendum of 4 December is coming closer. What does this mean for investors?
Bond and equity markets are anticipating and adjusting to the pro-growth agenda of presidentelect Trump. We also updated our growth forecasts.
Given a more positive outlook for global growth, the Investment Committee increased the allocation to equities.
Although it is too early to predict the course of Donald Trump’s presidency, there are a few broad indicators regarding the direction of the new administration. Trump’s key policies focus on immigration, taxes and trade. Economic growth is also expected to be emphasized. We expect policies in these areas may provide additional momentum for corporate earnings growth in 2017.
