Key takeaways:
Emblem Portfolios - Global: Increase Canadian, US, International equities; decrease cash, bonds.
Tactical Update - May 21, 2021
- Economies in Canada, the United States, and Europe continue their gradual re-openings following their COVID-19 induced shutdowns.
- Desire to increase the portfolios’ leverage to these re-opening scenarios.
- Global monetary and fiscal policies largely remain supportive of further growth.
- Although the bond strategies in the (relevant) portfolios have exposure to government bonds and to more economically sensitive corporate, convertible, and high yield bonds, shifting some of this exposure to equities will likely provide additional leverage to an economic rebound.
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May 2021
