Neuberger trims US equities, beefs up EM and commodities

Neuberger Berman has decreased its exposure to US equities for the very first time this cycle, in order to avoid volatility and weaker earnings. Erik Knutzen CIO of multi-asset class portfolios at Neuberger Berman gives his thoughts in Portfolio Adviser, claiming that the decision to take a slightly underweight stance on US equities is to do with an over optimistic earnings growth that is unlikely to be achievable in the current market environment.

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