VAR Capital Investment Committee meeting – September 2019

Please click on the link below to find our latest report from VAR Investment Committee meeting for Q3, 2019.

VAR Investment Committee – September 2019

Short read:

Market Overview:

• Bonds and Equities have done quite well year to date despite trade war escalations; slowdown in global growth; Brexit uncertainty and endless tweets from President Trump
• We expect both bond and equity markets to generate lower returns with higher volatility in the next few quarters

Positioning

• Overall, we are being defensive and aiming to take profit to lock in gains from the first part of the year where relevant
• Since we are in latter innings of an economic bull cycle, our equity positioning is defensive with focus on higher quality, secular growth and event names
• In the bond space, we continue to be underweight high yield and have increased our allocation to floating rate bonds

Please let us know if you have any questions.