Real Estate 4.32% Consumer Defensive 4.17% Basic Material 3.42% Bonds, Cash & Other Cash & Equivalents 8.22% Corporate 0.00% Top 10 Holdings Goldman Sachs FS Government Instl 7.98% First Citizens BancShares Inc Class A 3.97% Axis Capital Holdings Ltd ...
We stay Overweight Korea – rising demand for AI-related technology products is likely to support earnings, and the government’s ‘Value-up’ programme may narrow the ‘Korean discount’ by addressing company cross-holdings and improving corporate governance. We are Neutral China equities. Valuation...
The US offers large, liquid and freely tradeable financial markets. This allows FX reserve managers to invest their holdings in short-term government debt, and even equities, to earn a better rate of return. We believe this is a key advantage for the USD over potential contenders, ensuring t...
In early 2012, the market expected a massive and precipitous retreat by banks from European commercial real estate (CRE) lending and that alternative lenders would make hay by filling part of the Funding Gap. ...
with current yields creating a sizeable return buffer.We trim Asia ex-Japan equities and Asia USD bonds to core holdings, as a catalyst for more significant Chinese policy stimulus remains absent. In Asia, we retain our Japan equities Overweight and prefer diversified exposure across markets within...
We trim Asia ex-Japan equities and Asia USD bonds to core holdings, as a catalyst for more significant Chinese policy stimulus is absent. In Asia, we retain our Japan equities Overweight and prefer diversified exposure across markets within Asia ex-Japan. We upgrade Emerging Market (EM) local...
Gold is trading close to its historical high, while real estate is challenged by high rates and post-Covid shift in working patterns. Moreover, US TIPS offer a headline yield of around 4.6%, which is much higher than the yield of the Developed Markets (DM) Investment Grade (IG) ...