“Our Investment Clock is in the later cycle ‘Overheat’ stage, with strong global growth and more risk of inflation.
We have added to equities again, capitalising on stock market weakness and given that supportive world growth conditions remain in place. We also have increased the allocation to index linked bonds and conventional UK gilts. The changes were funded out of high yield debt, government bonds, property and cash.
With economies continuing to expand and inflation remaining benign, we are overweight global equities, global high yield bonds and commodities.”
You can access up to date views from Trevor on the market and the movements of the Investment Clock on our Latest Investment Clock updates page.
|Absolute Return Strategies (including cash)|
Directions of arrows show overall change from previous tactical change. For individual portfolio changes, please see factsheets.