Professional Wealth Managementt

By PWM Editor

“Our equity weighting now stands below 50 per cent. But the risk has been reduced on the fixed income side as well with a record 17.5 per cent of the total assets held in cash. The risk aversion seems to be running pretty high, and the fixed income market has been virtually closed for months. The current climate comes with a lot of overshooting: valuations used to be priced for perfection but are now beginning to be priced for the worst case scenario. Reasonable prices stand somewhere in between. Markets can be anything but reasonable and cash is king.”

 

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