“locking in gains: tactical underweight in equities


We are pleased to share the latest edition of our Investment Insights.

  • we have reduced equity weightings to a tactical “underweight” across all strategies
  • our ETF portfolios containing equities are currently outperforming their benchmarks by between 5% and 10% year-to-date. We increased our equity weightings to “overweight” in early May. We feel it is now prudent to lock-in these significant gains
  • our technical signals are currently mixed for equity markets outside the US. We are most underweight Asia ex-Japan, European and emerging market equities
  • we continue to be overweight US equities overall, with the focus on technology and ESG
  • all 5 of our ETF portfolios continue to show significant outperformance on every time horizon
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