George Hoguet
How would you rank the global markets by attractiveness?
We are overweight the US market in our asset allocation. I think if the fiscal cliff deal is consummated, which is likely over the next eight weeks, then actually the dollar is likely to strengthen. The IMF says that the equilibrium exchange rate for the euro is about 1.18 — we’re now at about 1.27. A lot of people question why the euro is so strong in the face of the problems that they’ve got. So, I’d rank the US quite high.
