“It pays to buy when others are fearful and we are starting to add to the equity positions in our multi-asset funds, increasing our overweight positions there.
“Stocks have performed strongly over the last 18 months and valuations are starting to get a bit stretched, but macroeconomic fundamentals remain supportive with global growth continuing at a reasonable pace, inflation pressures easing and interest rates low.”
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eleanor.duncan@ft.com
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