Asset Allocation Debrief – August 2014

Growth Prospects Persist

  • A multitude of factors contributed to a return of market volatility in July, while central bank policy remains the overriding influence.
  • Geopolitics, sanctions placed on Russia and instability in the Portuguese banking system tested investor nerves.
  • Ultra-loose monetary policy had dampened market volatility, explaining why markets were unresponsive to the increase in geopolitical tensions earlier in July.
  • The committee opted to pull back on weightings to the UK and Japan to fund an increase in allocation to Emerging Markets and Cash.

Full article – Asset Allocation Debrief – August 2014 (PDF)

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