World Economy is recovering led by the US. Investors are preferring US Equities, Japanese Equities and Emerging Market Equities. Global growth is getting stronger and inflation is under control because of commodity prices are weak. US dollar is strong and that’s one of the reasons why commodities prices are under control. US interest rates might be in the increasing trend for the next few years. House Prices in US are rising and Banks are lending.
Overweight on Stocks, Underweight on Europe. We continue to have positive view on equity markets.