Bullish Fidelity Multi-Asset manager overweights equities

Having been significantly underweight the asset class since Q3 2007, Greetham reduced his bonds and cash exposures earlier this month to shift to the slight equity overweight. Greetham has removed his small underweight plays in global property and financials - while the manager has taken emerging markets and Asia overweight. He has retained his bias to US equities, on expectations its economy will be the first of the developed nations to escape the downturn. Within sectors, Greetham has increased his large overweight to the global consumer sector, in a move away from defensives. Elsewh...