Aktia sees diversification payoff rising as market correlations fall
SPY•Fixed income stays yield-seeking
Aktia's fixed-income stance stays yield-seeking, with government bonds underweight.
It favors short rates over long, expecting continued upward pressure on long yields.
Equities turned neutral, with a US and emerging-market tilt
Aktia shifted equities to neutral from an earlier overweight, citing Iran-related inflation risks despite resilient global growth.
Its equity tilt favors the US and emerging markets. Emerging-market valuations sit below long-term averages with the fastest earnings growth.
Market outlook lifts diversification as correlations decline
Aktia published a market outlook that lifts the value of diversification as correlations across regions, sectors, and single stocks decline.
The company raised risk flags around geopolitics, sticky inflation, and possible rate increases that could drive equity volatility and periodic disappointments.
