Summary
ZRICH, Switzerland (Reuters) - Julius Baer will remain underweight in equities in the near term because they look unattractive on a risk-reward basis, the bank's chief investment officer told Reuters on Thursday [Oct. 15].
Venkatraman Anantha Nageswaran, widely known as Van, said tactical asset allocations at Baer were conservative because the bank was cautious about the extent of economic recovery and concerned equity valuations had run ahead of fundamentals.See the full content of this document
Extract
Bearish Baer Exec. Keeps Conservative Counsel
"The expected speed of recovery is a risk for stock markets. I think we're back to the mispricing of risk that we saw in 2007," said Van in an interview. "On the...
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