POLL-U.S. fund managers favor U.S. assets, but recommend more cash

Article by Rahul Karunakar

“The underlying fundamentals for the economy and corporate profits remain very sound and could support higher equity prices going into 2019,” said Alan Gayle, president at Via Nova Investment Management. “If trade tensions ease, we would expect international and emerging-market stocks to rebound. But betting on emerging-market stocks is to pick a date when trade issues are resolved, and we don’t know that date. Until then, we believe a higher relative U.S. weighting is appropriate,” Gayle said.