“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