Global economic growth is showing signs of weakness, with more and more indicators turning negative. “The entry into a classic recession seems predetermined”, says Carsten Gerlinger, Managing Director and Head of Asset Management at Moventum AM. “We are therefore reducing the weight of Europe in the portfolios in favour of the U.S. and Japan and focusing more on blue chips.” This was determined during Moventum’s quarterly asset allocation conference.
The global economy, which has already been forecast to lose momentum recently, is now in a downturn phase. “Leading indicators, such as the purchasing managers’ indices for industry, whose weakness has
The global economy, which has already been forecast to lose momentum recently, is now in a downturn phase. “Leading indicators, such as the purchasing managers’ indices for industry, whose weakness has
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