three year growth phase appears close to end and monetary cycles moving in opposite directions ring warning bells for f&c
F&C has moved underweight in equities for the first time in more than three years. Profits have been taken from emerging market and European equity positions - both areas which have been strong performers over the three year bull market. The asset allocation team at F&C had previously raised equity positions close to the trough in the market in June, buying Japanese equities at a low point. Paul Niven, head of asset allocation at F&C, said: "Our quantitative inputs suggest little to choose between equities and bonds over the next six months at present, but our qualitative assessment s...
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