Rolling the Dice Again
Wednesday, October 12th, 2016 Categories: Defensives, Diversification, Global Equities
The low conviction search for US equity alpha
Our US equity model has suddenly started dumping defensives and buying cyclicals and Financials. It looks as though US investors are rolling the dice again. Their only hope of outperforming in a dull year is to generate some alpha in their US equity portfolio, but it’s a low conviction trade.