Top News | Jun 19, 2013
LGT - Tactical Asset Allocation Q3/2013
The economy is growing steadily in the US, bottoming in Europe, and resurgent in Japan, but overall growth rates remain modest, and inflation is either receding or very low. Against this background, the risk of an undue monetary tightening is low, and we decided to further raise our equity allocation by adding to positions in Japan at the expense of Asia Pacific. We also trimmed our fixed income quota by selling high yield debt, and kept the US dollar overweight.