Pictet | Frankfurt, 03.12.2014.
Equities to outshine bonds into year-end. “Lower oil prices and improving labour markets should boost consumer spending,” says Luca Paolini, chief strategist at Pictet Asset Management.
“We are maintaining our overweight position in equities as expectations for further central bank monetary support, falling oil prices and improving economic momentum in the US and emerging economies are likely to bolster risk appetite into the New Year. “In bonds, we maintain an underweight stance whilst overweighting the USD, but we stay neutral on cash. “Within equities, we have increased our allocations to consumer discretionary stocks to an overweight position from neutral.