Equities look fair value in comparison to bonds

There are mixed forecasts for whether the US is slipping into recession but after recent shakeouts in the markets, many investment managers see equities as good value versus bonds. Invesco's Tony Broccardo, head of global products, says: "We have moved overweight equities versus bonds in our global balanced portfolios. We are overweight Europe, the US and emerging markets, neutral the UK, and underweight Asia and Japan." Broccardo says that Invesco's expectations have led to fully invested portfolios, despite the falls in the world markets. For the year to 20 March, the MSCI World I...