Why We're Buying Equities at Market Highs

Multi-asset investors Maya Bhandari and Toby Nangle are adding stocks to their portfolios - despite equity market valuations looking stretched

Emma Wall 19 October, 2017 | 2:56PM

Stock markets in the UK, US, Germany and France have reached all-time highs in the past year. Valuations for developed markets equities are stretched – and even emerging markets have benefitted from a stellar run over the past year.

Many multi-asset fund managers are responding to what they see as the top of the market cycle by loading up on cash. Moving money into lower risk assets.

But not Maya Bhandari and Toby Nangle of Columbia Threadneedle. They have been buying stocks over the past six months, selling bonds for equities in their multi-billion-pound portfolios.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Emma Wall  is former Senior International Editor for Morningstar

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