SSgA readjusts in risk-on move
The $2 trillion house bolsters equities exposure amid ongoing monetary easing, raising allocation to emerging markets, which it expects to drive a global economic recovery.
State Street Global Advisors (SSgA) has made a tactical reallocation to equities, most notably in Europe, on the understanding that accommodative monetary policy will continue to underpin the market.
The US fund house has sharply increased its exposure to MSCI EAFE – the index covering Europe, Australia and the Far East – from 2.5% in December to 6% in January.
Christopher Probyn, SSgA’s chief economist, confirms it is overweight Europe, chiefly from a valuation perspective. Whi…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.