Earlier this month, Julius Baer trimmed its recommended net long equities position to 29%, reflecting a long position of 36% and a short position of 7%. ThatÆs a significantly more conservative stance compared with a recommended net long position of 35% in May, resulting from a long position of 42% and a short position of 7%. Those figures are from Julius BaerÆs suggested asset allocation model, which was set up in July 2006.
ôThis is going to be a difficult equities environment,ö says Venkatraman Anantha-Nageswaran,...
¬ Haymarket Media Limited. All rights reserved.
