Innova’s asset allocation positioning and market outlook for the December Quarter.
Though economic risks are beginning to gain the famously fickle attention of markets, the story largely remained about inflationary pressures and the trajectory of global central bank policy this past quarter.
Our portfolios remain highly defensively positioned, focusing on protecting against the significant downside risk that we have seen realised this year. We largely remain titled toward markets which demonstrate attractive valuations, are insensitive to bond markets volatility/are uncorrelated to the major equity and fixed income market risk factors and currently maintain a largely unhedged position to our global assets – albeit this currency view is under close scrutiny.
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