Investment Strategy: The momentum continues
The positive factors that have supported equities since the fourth quarter of last year are expected to continue. This is in line with a belief that the expansion phase of the business cycle is not diminishing, and, instead, we are seeing one of the longest periods of uninterrupted US growth since the end of World War II.
Investment Strategy: A more pro-cyclical stance in equities
In light of the economic upturn and abating political risks in Europe, we advocate a regional shift to European equities, at the expense of US equities. At a sector level, we suggest investors to consider switching from energy to industrials, as we are taking an even more pronounced pro-cyclical equity stance.
Investment Strategy: Still a preference for stocks
The global economy and equity markets in general continue to be supported by a number of positive factors. ABN AMRO’s preference for stocks over bonds remains in place.
Investment Strategy: Taking profits and raising cash for the future
After an 11% run-up in global equity markets over the last three months, ABN AMRO suggests that clients consider taking some profits in their stock portfolios. The ABN AMRO Investment Committee also suggests selling commodity positions and shifting positions in European high-yield bonds to US high-yield bonds.
Investment Strategy: Reduce exposure to emerging-markets bonds
No changes were made to the overall asset allocation at the meeting of the Global Investment Committee on 26 January 2017.
Investment Strategy: Positive start of the year
The sentiment in markets is positive, already since the end of 2016. Market sentiment is buoyed by growing confidence in global economic growth and the effect of a new president in the US who is focused on fiscal stimulus. Also, interest rates are not rising too quickly.
Investment strategy: Global economy gains momentum
The ABN AMRO Investment Committee continues to prefer equities over bonds. Within alternative investments, real estate and commodities are favoured, while a neutral stance is taken toward hedge funds. For clients with US-dollar portfolios, it is suggested that they consider hedging europositions, to protect against further weakness in the euro.
Video: Italy says no to reforms
Italy says no to the reforms of Italian Prime Minister Matteo Renzi. What does this mean for investors? In this interview, Mary Pieterse-Bloem, Global Head of Fixed Income Strategy, assesses the consequences of the referendum.