Assets in brief. We have turned more positive on most fixed income due to elevated geopolitical risks and easy monetary policy in a low-growth world. We like income, including investment-grade credit and EM debt. We are cautious on equities, particularly in Europe, given the turn in risk sentiment and poor profit growth. We prefer dividend growers and quality companies. Finally, we like gold as a portfolio diversifier. Read our full Global Investment Outlook: Midyear 2016 to learn more.
Richard Turnill is BlackRock’s global chief investment strategist.