Fidelity multi-asset team ploughs back into risk assets

At the end of last year, the team announced it had cut its equities allocation to neutral as a result of recession fears in 2019 and expectations of slower global growth. It has since changed its stance and moved to overweight equities and underweight cash having identified opportunities during the December volatility. A key move has been taking an overweight position in emerging market equities, which the team felt were trading at an attractive entry point on a valuation basis, with headwinds such as US dollar strength and the oil price fading. "As we start 2019, it is clear that ...