valid from 10.12.2024
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Model portfolios – Swiss focus
Profit taking
The year is drawing to a close and the new US administration is keeping politicians and financial markets on their toes. This is likely to continue into the new year. In this uncertain environment, we are reducing our equity weighting to a neutral level. We are doing this by taking profits on emerging market equities. Nevertheless, we remain cautious about the technology-heavy and expensive US equity market. We are therefore maintaining our underweight position in the US equity market in favour of global value stocks.