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Investment strategy
Our new quarterly newsletter ‚Strategy Outlook’ is presenting the investment strategy of the Sarasin Group.
The editorial of the current issue is introducing the topics:
Editorial:
Ultra-generous liquidity conditions are finally giving investors the confidence to escape near-zero yields on cash deposits and “the falsely” low yields of global bond markets (distor ted as they are by repeated Central Bank purchases). The proceeds are increasingly being directed to global equities as evidenced by the extraordinary rally of the last quar ter and record levels of personal trading.
Of course, there is still cause for concern – the US housing market remains far too dependent on government suppor t programmes, while the debate on record levels of spare capacity across global economies continues. Ironically, such issues only serve to increase the nervousness of policy makers about acting in withdrawing stimulus programmes too soon. Against this backdrop we are continuing to favour global equities across our investment themes at the expense of bonds and cash equivalents. We are also beginning to reduce our corporate bond holdings as spreads narrow, and to refocus our Chinacentric emerging markets strategy.
Please find the newsletter in the download section.
