Dear Investors, Please find below the latest edition of the Equity monthly as of December 2019. Key Highlights - This month we continue to recommend a balance between cyclical and defensive names
- The sector rotation that begun in August is continuing to gather pace
- 2019 has been a stellar year for equity market returns, 2020 is likely to be more challenging
- With the UK election now behind us, we recommend adding to UK equities
- We present our sector preferences on page 5.
- Our emerging markets views outlined on pages 6 and 7.
Best regards, The Investment Solutions Equity Portfolio Management Team |