Deutsche Bank Wealth Management to equity investors: quit while ahead, move to safety

Author: Eamonn Sheridan | Category: News

A bit of an ICYMI, which is probably a good thing given the US equity surge Thursday.

Deutsche Bank Wealth Management
  • has cut equities to about 40% of its portfolio from more than 50%
  • expects to do that more in theHS 2019
  • first turned cautious at the end of April, citing doubtful earnings outlooks,U.S.-China trade war won't be resolved this year
  • "We are still in profit-taking mode"
  • buying investment-grade corporate debt & DM hard currency bonds
via Bloomberg (more at the link)

An alternative view (saw this referred to yesterday on twitter …  )

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