Calling in the builders
Will Hobbs, Head of Investment Strategy, UK and Europe, talks to Rupert Howard, Head of Investment for Discretionary Portfolio Management, about recent market activity.
With market volatility having subsided somewhat after a raucous start to the year, Rupert has been busy bumping up the commodities allocation in portfolios amidst a pickup in China’s housing market.
Outside of commodities, Rupert sees portfolios continuing to benefit from their overweight positions in high yield US debt and particularly developed market equities. In a world where the prospects for growth and inflation are perhaps a little less challenged than widely perceived, these should be areas of particular interest for investors in coming quarters.
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