Investment themes included:
- Equities can recover, but tail-risks persist. On balance, headwinds should be offset by tailwinds on a 12-month view.
- For those with a shorter-term horizon (1-2 months), position defensively in equities.
- Hedge near-term risk with bonds, duration and cash.
Daniel Casali, Investment Strategy, Smith & Williamson Investment Management LLP.
Daniel has over 26 years’ experience in covering global investment strategy on both the buy and sell side. He joined Smith and Williamson in September 2017, following 7 years as an in-house strategist for Hong Kong asset managers, Ajia Partners and RAYS Capital. Daniel had first moved to Asia to join Merrill Lynch as a Regional Equity Strategist in 2007, after spending 13 years at London-based global macro consultancy and asset allocation firm, Independent Strategy.