Chart Of The Week – 5th August 2013

U.S. equities have far outpaced global benchmarks so far this year. This has caused U.S. valuation measures to become less attractive relative to many other markets, thereby raising the question as to whether it is time to rotate out of the U.S. into other bourses. Our advice is: not yet. We remain overweight the U.S. within a global equity portfolio.

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