Wealth Managers Bet on Gold, Japan, and Emerging Markets Over US Assets

25.06.20

Wealth management firm Brown Shipley is repositioning portfolios away from US assets, citing concerns about political uncertainty, a $1.83 trillion budget deficit, and slowing growth. The S&P 500’s 5.7% decline this year has underperformed other markets, prompting a strategic shift. The firm is now overweight in three key areas: gold…

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