Multi-asset: How to turn uncertainty to your advantage

The global economic outlook remains uncertain, with growth anaemic and unemployment elevated in the developed world. These strains are being exacerbated by the fiscal constraints being imposed on governments by high debt levels. Despite these uncertainties, many developed equity markets have been at, or approaching, all-time highs. You can, therefore, excuse multi-asset investors for being puzzled. Focusing on long-term fundamentals has to be the starting point for any multi-asset investor. With yields at all-time lows on the majority of fixed income asset classes, tilting the portfol...