Investors should be thinking about cutting their exposure to Asia and emerging markets and looking more to the developed world, according to F&C co-head of multi-manager Gary Potter.
Potter, who runs F&C's multi-manager Navigator range, said he likes the developed markets of the US and Japan where he is overweight. However, he has recently moved to slightly underweight Asia and emerging markets and believes investors should be thinking about doing the same. "I believe the tailwinds which have been benefiting those markets are turning to headwinds. The tailwinds which were cheap energy and labour costs - that is no longer the case. It's much less compelling to move your business to the developing world now, especially Asia. "Investors should be thinking about re...
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