Multi Asset Portfolio Report - Reduce bond exposure, look East for opportunities
In their just released Multi Asset Portfolio Outlook for 4Q 2019 titled “Reduce bond exposure, look East for opportunities”, Societe Generale Global Asset Allocation Strategists adapt their portfolio to the summer’s strong gains in fixed income markets while maintaining their cautious stance, favouring assets providing yield with low volatility and portfolio protection.
In coordination with Societe Generale’s strategists on all asset classes, and using quantitative, positioning and behavioural tools detailed in the report, they come up with an asset allocation aimed at being resilient in an uncertain environment.
The report develops:
- key investment calls on themes such as “Search for “quality” yield”; “Leveraging domestic drivers in an uncertain world”; “Pick your portfolio protection wisely”; “Currency war heating up”; “Japanification of Europe still in the background”; “Managing policy uncertainty”; “Low-probability events that could gain momentum this year”.
- editorials on current market conditions, including “Dovish asymmetry on central banks almost exhausted”; “The equity complex: no exuberance”; “The China put should continue to do well”; “Japanification of Europe still in the background”; “UK assets confront fast-changing Brexit scenarios”.
- Economic scenario forecasts.
- Detailed review of asset classes – Cash, Equity, Fixed Income, Forex Market.
About Societe Generale Cross-Asset Research
Societe Generale Cross-Asset Research is composed of more than 200 Analysts, Strategists, Economists and Quant, combining their expertise into ‘Research-based’ and innovative solutions suited to client’ needs: fundamental studies and expert views, investment ideas and long-term strategies, trade ideas and tactical baskets, thematic and systematic indices, quant solutions. On top of its established UK and Western European base, Societe Generale Cross-Asset Research benefits from a global coverage thanks to its presence in the US and in Asia (Hong Kong, Singapore, Tokyo and Bangalore) and Societe Generale local networks in Eastern Europe.
This editorial contains financial analysis which reflects the opinion of the Cross-Asset Research department of Societe Generale at the date of its publication. It does not necessarily reflect the views of the other departments of Societe Generale nor the official opinion of Societe Generale. This interview is dedicated to institutional and professional investors and is not deemed to be seen and used by retail investors for investment purpose. The viewers shall consult their own financial advisers to make their own appraisal.