Analyst View: Reuters October global asset allocation poll

Article by Shrutee Sarkar

"The U.S. reliance on global trade is lower than that of our trading partners, and that lower relative exposure has been a benefit to domestic markets.

"The preponderance of negative bond yields outside the U.S. along with the relatively stronger economy here at home makes us prefer domestic bonds.

"Monetary authorities are doing all they can to support economic growth, and this is appreciated by the equity markets. That said, the risks of a fiscal policy misstep are mounting, and that could overwhelm actions by central banks.

"Our asset allocation strategy will be driven most by developments in the U.S.-China trade war, but a Brexit deal or the emergence of German fiscal stimulus would also affect our investment allocation."