Sep 30, 2020 7:00:00 AM | LGT Private Banking Europe House View
LGT Private Banking Europe House View – October 2020
A deadlock is looming on the US elections, this could cause nervousness on financial markets in the coming weeks. We are sticking to our constructive attitude towards financial markets in the medium to long term, as the dual stimulus continues to work and hopes for a possible Covid-19-vaccine are also strongly supportive. In the short-term, we remain on the sidelines at an asset allocation level and leave the equity exposure at neutral. From a cross asset point of view, we continue to have a preference for equities over bonds. The setback in gold can and should be used to build up positions.