Asset Allocators' Soapbox: policy settings leading the global recovery

Recent events in Cyprus have brought the eurozone sharply into focus once again. This development comes at a time when a strengthening US economy is showing good growth, while emerging markets are exhibiting different levels of economic momentum. In this environment, the benefits of a flexible multi-asset mandate – and owning the right assets at the right time – remain as strong as ever. During an uncertain period in 2012, our multi-asset portfolios were generally focused on lower risk assets such as developed government bonds and cash. Today, we believe the macro picture is more support...