Skandia IM shifts overweight on equities

SIG, which has been neutral on equities since June, said although recent economic data has been soft, companies have continued to generate solid profit growth and it expects this trend to continue. Equities are also very cheap relative to bonds and cash, it added. SIG continues to favour emerging markets over developed markets, expecting emerging economies to outperform in line with falling inflation in the region. For September, it is "very positive" on the emerging Asia equity region and "positive" on the emerging EMEA, Latam and Japan equity region. It added whilst most emerg...