January Market and Economic Update

January Market and Economic Update
27 Jan 2015
  • Gareth Lewis
Gareth Lewis
Gareth Lewis
Authors
  • Gareth Lewis Gareth Lewis
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  • Our long-term view is largely unchanged, and we continue to believe our more cautious outlook remains rational.
  • The excess liquidity that has driven investor behaviour further along the risk spectrum is dwindling
  • If the US recovery remains sustainable, we expect the US dollar to continue to strengthen over the next few years
  • We have made a slight reduction in our allocation to equities. Within equities, we have reduced our exposure to Asia Pacific and emerging markets, and partially re-allocated this into Japanese equities.
  • We have increased our exposure to fixed income, particularly sovereign debt, and to a lesser extent investment grade corporate credit.
  • Finally, we have zero-weighted our allocation to commodities.

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Disclaimer

This article was previously published on Tilney prior to the launch of Evelyn Partners.