The Australian Ethical International Equities Trust has pulled back from its positioning for an economic recovery lead by the US and China as it sees better...
The Australian Ethical International Equities Trust has pulled back from its positioning for an economic recovery lead by the US and China as it sees better growth opportunities in Japan and Europe. From the second half of 2013, we had been observing economic recovery signals in Japan and Europe. As such, over the past few months we have reduced our significant overweight position in the US in favour of Europe and Japan. The Trust has reduced its US weighting from 41% to 34% and invested deeper in Japan (19%) and Europe (38%). We credit this decision to our approach of using unconventional but timely real world indicators like port and rail traffic and the PMI which are released far in advanced of official GDP estimates. (VIEW LINK)
6 topics