Position for economic recovery, says Barclays

26 Apr 2009

Barclays Wealth believes the US and China will lead a mild global recovery in the second half of this year and is advising clients to increase exposure to Asian equities (ex-Japan) and global credit. However, it also warns investors not to ignore the risks of a lost decade.

Pessimism among portfolio managers is beginning to wane amid signs that the global economy is moving in the right direction after a raft of bold government interventions.

While hardly offering a ringing endorsement on the prospects of an imminent turnaround, Aaron Gurwitz, head of global investment strategy for Barclays ...

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