Wed, Sep 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

You need to be more diversified because valuations are not that attractive anymore

Wednesday, June 04, 2014

amb
Tilmann Galler
Benedicte Gravrand, Opalesque Geneva:

Tilmann Galler, a client portfolio manager and global market strategist at J.P. Morgan Asset Management in Frankfurt, is responsible for equity and multi asset portfolios. He share his perspectives with Sona Blessing in a recent Opalesque Radio interview on asset allocation, possible headwinds and optimising risk-reward premiums.

J.P. Morgan’s scenario for the reminder of the year is quite constructive, he says, as for the first time in many years, there is a synchronised recovery in the developed world, especially in Europe’s periphery and core.

There are still headwinds though, especially political ones in Eastern Europe, which could hurt the recovery. Also, China might experience a harder landing than expected. Although the latter is not very likely to happen this year, he adds, as the current dose-by-dose reduction of credit will be met with economic stimulation when economic growth decreases.

Positioning a portfolio to minimise potential losses and optimise positive performance, given the headwinds, should encompass diversification of holdings, he explains. "Even if you are positive on risky assets like we are, and we are still positive and bullish on equities and bonds, and we still prefer high yield inside the fixed income space… you need to be more diversified because valuations are not that attractive anymore. And you need to be pr......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds show interest in Alibaba, Maglan joins other hedge funds in rush to Argentinian assets[more]

    Big hedge funds show interest in Alibaba From Hereisthecity.com: …Three other major hedge fund investors who have shown interest in the IPO are Dan Loeb of Third Point, David Tepper of Appaloosa Management and Dan Benton of Andor Capital Management. All three were among the roughly 800 p

  2. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  3. Investors move capital out of Scotland ahead of referendum[more]

    Benedicte Gravrand, Opalesque Geneva: Ahead of Scotland’s independence referendum on September 18, asset managers, investors and pension savers are moving billions of pounds out of the country,

  4. Indices - Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD), Eurekahedge Hedge Fund Index rebounds in August gaining 1.36% (4.22%), Lyxor Hedge Fund Index was up 0.9% in August (YTD +1.7%)[more]

    Greenwich Global Hedge Fund Index up 1.57% in August (+4.22% YTD) The Greenwich Global Hedge Fund Index ended the month of August up +1.57%. Equity markets were up in August with the MSCI World Index up +2.00%. This was primarily driven by the performance of the S&P 500 which was up +4.

  5. Alpha Strategic buys stake in Premium Point Investments[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Alpha Strategic plc, a affiliate of