While still patchy, global growth data have broadly improved, but investor sentiment remains neutral. Meanwhile, central banks are also on hold until there is more clarity on the direction of the global economy. Although there is a risk of disappointment from the US-China trade talks and the impact of Chinese stimulus measures, which won’t make a clear impact until the second half of the year, we have slightly increased our moderate overweight in equities and our overweight allocation to short duration global high yield debt, reducing cash.
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.
Head of Multi Asset at Royal London Asset Management
Trevor Greetham is a portfolio manager at Royal London Asset Management. Prior to joining Royal London in 2015, Trevor was asset allocation director for Fidelity Worldwide Investment, where he was responsible for implementing tactical investment decisions across a wide range of institutional and retail funds including the Fidelity Multi Asset Strategic Fund.