Wednesday 30, May 2012 by Mark McFarland
Protecting against downside risk
Europe’s 2012 outlook looks similar to last year’s; this year’s new policy initiative may well be EMU-wide deposit insurance; it is time to reduce beta-risk on rallies in Emerging Markets (EM) equities; retain a preference for non-commodity sensitive/hard currency debt; USD exposure is prudent while market assesses Greek exit and fallout risk.
