Jul 28, 2021 7:00:00 AM | LGT Private Banking Europe House View
LGT Private Banking Europe House View – August 2021
Investors should expect increased volatility in the coming months, but growth prospects remain intact. European utilities offer catch-up potential and we therefore upgrade the sector to “attractive. On the other hand, we reduce emerging market equities to “neutral” following the recent price losses in Chinese equities. In addition, we advise buying gold during periods of weakness and expect oil prices to rise by the end of the year.