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.
Multi-asset managers offer their outlook on U.S. stock, international equity, and fixed-income markets.
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.