In this month’s Global Markets Overview:

  • We update our returns for market price action and our recommendations for portfolio strategy as global trade tensions continue to impact financial asset prices.
  • Relative to our medium-term outlook, we think valuations for growth-related assets are high and expect low returns on average.
  • We emphasise that investors can improve portfolio efficiency by maximizing diversity and capturing more alpha. Investors could also consider a phased and gradual de-risking and/or buying downside protection where appropriate.

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