The multi-asset team at Baring Asset Management confirms moving progressively to more defensive asset classes such as cash and developed government bonds in their multi-asset portfolios.
This repositioning is in response to ongoing euro woes now that there is little sign of a resolution to the Greek sovereign debt crisis before the next election. “We hadn’t been expecting much from Europe but even our expectations relative to the consensus seem overly optimistic as the strains on the European financial system grow, particularly in places like Spain,” confirms Percival Stanion, Barings’ Head of Asset Allocation and Chairman of the Strategic Policy Group. In light of this view, Barings’ multi-asset team says it has maintained its support for the US dollar and adopted a m...
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