Multi-asset: Manager positions ahead of Fed rate rise

While some have chosen to add to US equity positions, which look to benefit from a strengthening dollar, others have reduced their exposure to the greenback in the belief the rate hike has already been priced in to the markets. This morning, Federal Open Market Committee minutes revealed most members are in favour of a rate hike next month, as long as there are no "unanticipated shocks", but a few members said the US economy may not be ready to withstand a rise on 16 December, leaving the door open to a final decision. Here, Investment Week talks to a number of multi-asset managers ab...