Global managers are underweighting the US equity market while overweighting Europe. There has been a...
Global managers are underweighting the US equity market while overweighting Europe. There has been a change in the momentum of growth from the US to Europe, and the US economy is in a slowdown compared to the European economy, which is still in the early stages of economic growth. Frances Wilson, investment manager at Ashburton, says: "The US is on track for a softlanding, which will avoid the need for further interest rate rises. For the US bond market inflation is not a problem, whereas productivity is in-creasing, which is beneficial." But traditionally August has been a poor market f...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes