I understand. Hide this message.


We use cookies to provide you with the best experience when using our website. By continuing to use our website without changing your cookie settings, we assume you give consent for cookies to be used. For further details, including how you can amend your preferences - Please read our Cookie Policy. »

Actionable Investment Ideas

Multi-asset themes» |

August 17, 2015

Multi-Asset Themes

We expect global growth to pick up in 2015 and 2016, led by developed countries. Underlying drivers are easy financial conditions, improved labor markets, low oil price. The investment implications of the outlined macro view include a positive outlook for USD vs EUR, vs GBP and vs JPY. Risk assets should remain favored by the persistent abundance of Central Bank liquidity. In particular, we think that Eurozone and Japanese equities offer value in Developed Markets. In EM we like Indian equities and, on a medium term perspective, Chinese equities (H shares). The number of risk factors which potentially may impact financial markets suggest that it is worth keeping some form of protection in place on risk assets.


Filed Under

Social Sharing

Economic Outlook and Investment Strategy

Monica Defend
Head of Global Asset Allocation Research