Our preferences

Our positioning still reflects our positive outlook for investors. We continue to hold an overweight global equities, but have also added an overweight position in emerging market equities. Within fixed income, we still hold an overweight to emerging market sovereign debt.

+ Overweight

Tactical recommendation to hold more of the asset class than specified in the moderate risk strategic asset allocation.

- Underweight

Tactical recommendation to hold less of the asset class than specified in the moderate risk strategic asset allocation.

= Neutral

Tactical recommendation to hold the asset class in line with its weight in the moderate risk strategic asset allocation.

* We do not apply tactical preferences to non-traditional asset classes. Additionally, non-traditional assets are not be suitable for all investors.

 

Note: This is a visual summary representation of our positioning. Please visit the full monthly report for our full detailed asset allocation tables.


More on our current views