ETF Securities Research Blog

April 2017: Getting more constructive on US assets

For April, our equity model suggests to remain neutral on US equities for the first time since August 2016. Our bond model suggests increasing allocation to government bonds as well as US investment grade corporates, while remaining neutral on US high yield as CDS levels are rising. The commodity model is going underweight all commodity sectors with the exception of industrial metals and livestock (see table below). Read more…