Barometer: No time to buy?

Barometer: No time to buy?

October 2021

Luca Paolini, Pictet Asset Management.

With China’s strong economic recovery from the pandemic at risk from the Evergrande debacle, investors should look to shore up their defences. We upgrade cash to overweight and keep our rating on equities unchanged at neutral. This month’s Barometer also includes a special section looking at why bond yields might have further to climb and what this could mean for equities.

Global asset classes

We remain neutral equities but upgrade cash to overweight; we also downgrade bonds to underweight.

Equity regions and sectors

We upgrade health care stocks to overweight to tilt to a more defensive profile.

Fixed income and currency

We remain overweight Chinese government bonds.

The complete October Barometer can be found here.

 

Press Contacts:

Olivier Duquaine
Olivier Duquaine Managing Director, Backstage Communication

 

 

About Pictet Group

The Pictet Group is a partnership of seven owner-managers, with principles of succession and transmission of ownership that have remained unchanged since foundation in 1805. It offers only wealth management, asset management, alternative investment solutions and related asset services. The Group does not engage in investment banking, nor does it extend commercial loans. With CHF 609 (USD 689, EUR 563, GBP 504) billion in assets under management or custody at 31 December 2020, Pictet is today one of the leading Europe-based independent wealth and asset managers for private clients and institutional investors.

Headquartered in Geneva, Switzerland, and founded there, Pictet today employs around 4,900 people. It has 30 offices worldwide, in Amsterdam, Barcelona, Basel, Brussels, Dubai, Frankfurt, Geneva, Hong Kong, Lausanne, London, Luxembourg, Madrid, Milan, Monaco, Montreal, Munich, Nassau, New York, Osaka, Paris, Rome, Shanghai, Singapore, Stuttgart, Taipei, Tel Aviv, Tokyo, Turin, Verona and Zurich.

 





Pictet Group
Banque Pictet & Cie SA
Route des Acacias 60
1211 Geneva 73 - Switzerland