June 2020
In this month’s asset allocation video, we update investors on our views in the wake of the sharp rally in equities, the dismal economic data and our expectations of a gradual recovery in the second half of 2020.
Important questions ahead concern the effects of the anti-virus restrictions on global growth potential and the impact of the easing of lockdowns. Strategically, we are tilted towards risky assets. We are wary of the risks around Sino-US tensions and the scope for a eurozone breakup.
Disclosures