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Tactical asset allocation for Q3/2021

June 16, 2021

Owing to their timely and generous macroeconomic policies and comparatively fast inoculation drives, most major economies are now reaping extraordinary cyclical upswings. At the same time, this bright outlook is now widely acknowledged, while inflation has appeared as potential spoilsport. We trim our risk exposure somewhat to account for this more nuanced situation.

Following the conclusion of LGT Capital Partners' quarterly tactical asset allocation review last week, today we provide a summary of our multi-asset portfolio investment strategy.

The global economic recovery is in full swing. Inoculation campaigns against COVID-19 are gaining traction and governments are gradually relaxing lockdown measures – albeit not without setbacks, as recent developments out of Asia and the United Kingdom show.

Regional disparities also exist in terms of economic developments: owing to the timely and generous monetary and fiscal responses to the outbreak of COVID-19 in 2020, the Western economies are showing remarkable momentum. In fact, most major economies are likely to grow significantly above potential this year and next, with the US set to outgrow them all by a big margin.

Read on by clicking the link here: LGT Beacon

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Note: The next edition of the LGT Beacon is scheduled for July 2021.