Tactical Investment Strategy June 2018

Given a strong economic backdrop in the U.S. and recent dovish comments from ECB, we see risk assets overall remaining well supported for the balance of the year. While this suggests the best action is to remain fully invested, given rising political risk and elevated volatility, we have made several broad-based tilts this quarter. Within fixed income, we have lowered our overall credit allocation in favor of Treasuries and MBS. Within equities, we have increased our overweight position toward the U.S. and are now underweight emerging markets.

  • DATE: June 25, 2018
  • TYPE: PDF

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