Print this article
In Uncertain Times, Focus On Quality – Wealth Managers
Amanda Cheesley
23 February 2024
on Friday, who also suggested caution on equities in 2024. RBC WM maintains market weight positioning in equities overall, which attempts to balance the risks of a US recession against the possibility that one may again be averted. The firm recommends tilting portfolios towards higher-quality segments of the equity market, including those companies with resilient balance sheets, sustainable dividends, and reliable cash flow generation. They are not alone in their views. According to Andrea Seminara, CEO and CIO of Redhedge, investors need to exercise prudence and discernment in their investment decisions. “The emphasis should transition from broad market movements to specific risks and individual asset exposures. The importance of investing in high-quality assets is underscored, as they are considered to hold value, unlike their lower-quality counterparts,” Seminara said. Other wealth managers also favour quality bonds in 2024. UK wealth manager Brown Shipley, Paris-based asset manager Carmignac, HSBC Global Private Banking, UBS Global Wealth Management see value in quality bonds in 2024. See more here and here.