Asset Allocations: Continuing to favor asset classes that can benefit from the cyclical recovery
Change from previous quarter
|U.S. large cap|
|U.S. small cap|
|U.S. investment-grade corporates|
|U.S. floating-rate bank loans|
|U.S. high yield|
|Non-U.S. developed country|
Currency viewsU.S. dollar versus
|Favor other||Neutral||Favor dollar|
Value, small caps, and non-U.S. developed markets look attractive.
Maintaining a high-yield overweight
Credit risk may be attractive as the economy improves.
Maintaining commodities overweight
Strengthening demand is supportive.
July 14, 2021 | Capital Markets Outlook
We take a closer look at inflation, unfilled jobs, and semiconductor shortages.More »