HALISTER1: Nordea Raises European Equities to Overweight in Asset Strategy

Nordea Raises European Equities to Overweight in Asset Strategy

(Bloomberg) -- Nordea raises European equities to overweight, lowers Japanese equities to underweight in latest Global Asset Allocation Strategy for February.
  • Has neutral stance on other regions
  • Says the economic outlook in Europe “remains solid and the potential for better profits is definitely there”
    • Raises Europe to overweight “given an attractive valuation and exaggerated political risks”
    • Says “the financing will be taken from Japan”
  • Overall, Nordea remains overweight equities, underweight long rates
    • Within rates, recommends overweight emerging-market bonds
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To contact the reporters on this story: Anna Molin in Stockholm at amolin3@bloomberg.net; Niklas Magnusson in Stockholm at nmagnusson1@bloomberg.net To contact the editors responsible for this story: Jonas Bergman at jbergman@bloomberg.net; Tasneem Hanfi Brögger at tbrogger@bloomberg.net
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Source: BFW (Bloomberg First Word)

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