We build multi-asset portfolios designed to address key investment objectives.
We are adding risk to our portfolio amid signs of a reacceleration in global growth.
We believe the Fed’s plan to reduce its balance sheet is unlikely to roil bond markets.
Signs of slowing global growth and high valuations prompted a downshift in portfolio risk.
We have reduced our total risk exposure from overweight to neutral.
With prospects for fiscal expansion dimming, we've reduced our overweight dollar position.
A potential U.S. slowdown has prompted a further shift toward non-U.S. equities.
Despite current volatility in Brazil, we believe emerging markets remain attractive.
Potential vulnerability, particularly in the U.S., prompted new portfolio positioning.
The durability and strength of the recent U.S. economic upturn may be in question.
Growing risks to the aging credit cycle may threaten its longevity.