Global Asset Class Strategy

We continue to be bullish on developed world versus emerging market equities, a view we have held for nearly three years.

  • We have reversed our trans-Atlantic relative value play, and are now bullish eurozone versus US equities. This is a relative view, rather than a negative view on US equities.

  • Rising US yields - which are justified by the fundamentals, in our opinion - risk further destabilising fixed income markets globally. Though some local markets may have overshot to the downside, w e remain bearish global bond markets in general.

  • Bottomed
    US - 10 Year Treasury Yield (%) - Quarterly Chart
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    This article is tagged to:
    Sector: Country Risk
    Geography: Global, Global, Global

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