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As a result, it shifted its tactical stance on global equities to neutral from most preferred, while it still likes Chinese stocks relative to other Asian markets and holds a most preferred view on global energy equities and the U.S. dollar.
“Historically, geopolitical events—even those that have changed the course of history—have rarely left a long-lasting mark on markets. This speaks to maintaining long-term exposure to equities. But with markets volatile and outcomes uncertain, we believe investors should now review portfolio allocations,” it said.
