Equities still a risk but don't rule them out
Helen Ng, managing director and head of private clients and portfolio management in Asia Pacific, said "volatility is here to stay" and that investors should reduce their exposure to equity markets without ruling them out altogether.
She said investors should be highly selective and geographically diverse in their equity holdings.
Ng is travelling New Zealand on a roadshow with Tower Asset Management promoting the Tower GAM Global Gateway Fund and Tower GAM Multi-trading Fund.
"In the absolute return strategy we're managing equities carefully" with an exposure of 20-25%, Ng said. "But if we see good opportunities in the short-term with a technical approach, we will add risk."
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