BNP AM

The official blog of BNP Paribas Asset Management

Asset allocation video – A rally with legs

In September's asset allocation video, we explain the apparent disconnect between the sharp rally in US equity markets and the resurgence of COVID-19 infections in the country, noting that there may be 'punctures' to the rally in the short term; we discuss our main asset allocation views for the months to come in light of factors such as the aggressive policy easing and 'learning to live with the virus'.


Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients.

The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay. Past performance is no guarantee for future returns.

Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions).

Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.

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