TACTICAL CALL MADE BY EMBLEM OVERSIGHT TEAM
May 21, 2021
Key takeaways:
Emblem Portfolios - Global
- Increase Canadian, US, International equities
- Decrease cash, bonds
Rationale:
- Economies in Canada, the United States, and Europe continue their gradual re-openings following their COVID-19 induced shutdowns
- Desire to increase the portfolios’ leverage to these re-opening scenarios
- Global monetary and fiscal policies largely remain supportive of further growth
- Although the bond strategies in the (relevant) portfolios have exposure to government bonds and to more economically sensitive corporate, convertible, and high yield bonds, shifting some of this exposure to equities will likely provide additional leverage to an economic rebound
Next steps: Get the update and share it with your clients.
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