Full independence to search the entire financial market

So What do I do with my Money.Outlook 2014.

Big Picture

Helicopter View
Generally prefer equities over bonds, particularly in the longer term scenario.

Risk in Safety
Equities and bonds are becoming more correlated. This is making “safe” portfolios a lot more risky.

Alternative Menu
Infrastructure, real estate and other alternatives are real diversifiers—and offer attractive yields in a low-rate world.

Volatility on Sale
It is better to buy an umbrella before the rain. Volatility is cheap and many assets are expensive.

Equities

Equity Value
Equities are not cheap—but they are not (yet) in bubble territory. Generally favour Europe and Japan on valuation.

Yield Caution
US yield plays will wrestle with tighter liquidity. Dividend growers still offer potential, as do non-US dividend payers.

Emerging Idea
Contrarian idea: Overweight emerging stocks vs. developed. Be selective and favor indirect exposures (multinationals).

Fixed Income

Carry On
Many bonds still look expensive and risky (especially government debt). Go for carry (yield) in a barbell strategy.

Curve Plays
Low rates support short maturities. Tapering fears have hammered many long bonds back to reasonable valuations.

Beware Traffic Jams
Easy to get into, hard to get out of. Liquidity could dry up fast in some credit markets—when you need it most.

    THE SOLUTION IS A DIVERSIFIED ASSET ALLOCATION COMPRISING MANY OF THE ABOVE...

    SPEAK TO US FOR HOW OUR PORTFOLIOS ARE CONSTRUCTED TO MEET ALL NEEDS.