Please find enclosed an update of the investment framework supporting the Asset Allocation of the MC Bolero Fund.
-> There is a lot to digest and it’s not easy to make up one’s mind on the implications for global markets.
-> We keep a Neutral stance on Global equities (at 50%), but maintain an Overweight in Europe amid hope of a “Bremain” vote .
-> Betting markets price in an 80% chance Britain would not leave.
-> Whatever the outcome of a UK vote, traders, investors and companies are preparing for volatility on financial markets.
NOVACAP Asset Management
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