Investment Strategy, Juin 2012 - Wealth management
June 2012 - #49
Following a strong Q1 performance, risky assets have been driven lower by fresh doubts concerning the international economic climate and fears of a Greek exit from the Eurozone. Accordingly, sovereign bond yields are at record lows. In this gloomy context, we are adopting a cautious stance to equities in view of the resurgence of volatility. Conversely, corporate debt spreads have widened to compelling entry levels.