Mayank Markanday, CFA senior investment manager, Sheldon MacDonald, CFA Deputy CIO and Avni Thakrar, CFA senior product specialist, discuss Architas’ latest tactical asset allocation views.
In the December update, they explain why we have moved from a moderately underweight position in equities to neutral. They also outline why we’ve moved from neutral to moderately overweight in US government bonds but from moderately overweight to neutral in high yield bonds.
The speakers explain their positive view of European equities. And they consider the beneficial impact of improving economic data, supportive central bank policies and Brexit progress.
Click on the player images below to listen to the podcast. A written article to supplement the podcast can be found here
The Nasdaq index hit a new record, led by the tech giants, while e-commerce stocks boosted the Chinese market to its best performance in five years. Government and corporate bond markets remained firm, despite cuts to economic growth forecasts. We look forward to dramatic profit declines for Q2, as the US reporting season gets underway this week.
With all the talk of the ‘new normal’ post lockdowns and forecasts of a V-shaped recovery, markets have rallied hard over the second quarter. Financial markets are awash with liquidity and there are promises of further support from central banks.