Richard de Groot

We have reduced our allocation to emerging market debt and increased our allocation to the US stock market at the expense of European stocks. On a sector level, we have become more enthusiastic about financials which could benefit from deregulation.

Within equities our biggest conviction is our overweight to the US versus Europe. Within bonds, it is our overweight to euro-denominated bonds versus US denominated bonds. We expect yields to come down faster in Europe than in the US.

Podcast of Boekestijn en de Wijk, which looks at developments on the geopolitical level