Asset Allocation Debrief – January 2015

Oil and Greece on Centre Stage

  • No changes to asset allocation were made following the Committee’s first meeting of the year.
  • The defining features for the beginning of 2015 are the continued falls in the oil price and political tension gripping the Eurozone, in anticipation of the Greek election.
  • Market dips in October, December and now at the beginning of January have signalled a sharp return to volatility, following unprecedented lows over the summer.
  • The overweight positions in the US (general economic strength), Europe (attractive valuations) and Japan (beneficiaries of a low oil price and improving corporate environment) continue to prove compelling for equity allocation.

Full article – Asset Allocation Debrief – January 2015 (PDF)

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