Mar 31, 2021 10:10:00 AM
LGT Beacon: Tactical asset allocation for Q2/2021
The reflationary macro outlook remains intact, although investors have started to worry about the interest rate outlook and its potential impact in particular on the stretched parts of the market. Against this backdrop, we refrain from adding to our equity overweight at this point. Instead, we add exposure to emerging market debt and open a long NOK position.