Considering the stability of global money markets, we'd like to be equally overweight in Asia and emerging markets, as well as in Japan and the United States. |
The global economy is in good shape. The environment is conducive to taking risks for now, so we'll remain overweight in stocks and underweight in bonds. |
We are going overweight in Japanese stocks, which have a strong momentum and solid fundamentals. |
We're going overweight in the United States, where rates are relatively high and stable ... while we're going underweight in the euro zone and Japan, where rates are relatively low. |