HALISTER1: Nordea Keeps Overweight Equities In July Asset Strategy

Nordea Keeps Overweight Equities In July Asset Strategy

(Bloomberg) -- Nordea recommends staying overweight in equities for 11th month in row amid "exceptionally good" earnings growth and "expansionary phase" in global economy, according to its Global Asset Allocation Strategy for July.
  • "Compared to still low bond yields, equities are attractive by a wide margin. Relative valuation between bonds and equities has moved in favor of equities"
  • Within equities, Nordea recommends being overweight European and emerging-markets and underweight North America
FIXED INCOME
  • Keeps overweight in emerging-market bonds, underweight government and high-yield bonds and neutral on IG
  • Expects gradual tightening of central banks to lead to "only slow rise in yields" meaning "low risk bonds remain unattractive and capital continues to be directed into riskier assets"
NOTE: May 31, Nordea Raises European Equities Further in New Asset Strategy To contact the reporter on this story: Anna Molin in Stockholm at amolin3@bloomberg.net To contact the editors responsible for this story: Christopher Kingdon at ckingdon@bloomberg.net Veronica Ek

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
NDA SS (Nordea Bank AB)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283