Baring Asset Management (BAM) has increased its overweight positions in the emerging markets and Japan, but is to maintain its zero weighting in the US.
“Trade accounts, government finances and external borrowing are all in good shape. Given their better growth profile, this may well encourage investors to over-bid for them."
BAM increased its exposure to Japanese equities, because the latest GDP data confirmed robust recovery is well underway. It has also reduced its sterling bond exposure in favour of currency bonds, as the team believes sterling could be vulnerable going into 2006.
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation