From an asset allocation point of view, we continue to prefer equities over bonds and cash. |
From an earnings perspective, we do not believe the market is overpriced, and to that end our preferred asset class remains equities. |
The appetite for emerging markets remains strong, and we are continuing to see appetite and demand for our market from offshore investors. |
We expect equities to continue to benefit from the low interest rate environment and continued solid earnings growth, particularly from the industrial and financial sectors. |