Positive outlook for global asset markets

We are looking to increase our equity exposure from our very underweight position, but are waiting for a suitable opportunity. With equities having recovered strongly from their March lows, we are of the opinion that markets will probably fall back a little as they consolidate their gains and encounter further profit disappointments. However, we will use such weakness as an opportunity to increase weightings in the US, Japan and Asia since we believe that rising global liquidity will enable equities to move higher over the remainder of this year. We also believe that the global liquidity cy...