JP Morgan multi-asset income fund manager Olivia Mayell gives a run-down of the seven investment and economic themes she sees emerging - from interest rates to global equities.
1. Interest rates: We believe that the US Federal Reserve will start to taper bond purchases in the autumn. Yields in the US are likely to move higher, but the recent savage sell off is unlikely to be repeated. We see higher bond yield as a reflection of a stronger US economy. 2. Great rotation: We are meaningfully rotating the portfolio into risk assets, particularly towards global equities and out of fixed income, reflecting our view that the global economy is on a healing trajectory. 3. Emerging markets: Make up approximately 16% of fund as of end of June. This sector has dis...
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