Now Is Not The Time To “De-Risk” Your Portfolio By Selling Stocks, JP Morgan Says

Published on 11 January 2018

Mike Bell, global market strategist at JP Morgan Asset Management, is advising investors to wait to sell stocks to “de-risk” their portfolios – even though global markets are hovering around record highs – as equities are set for further gains in 2018, according to CNBC.

“Despite the strong rally, valuations have not changed much since the start of 2017 in Europe, UK and Japan, as earnings have grown strongly,” Bell said.

“It is only emerging markets and the US which have seen valuations creep higher as share prices rose by more than earnings expectations. With emerging market valuations starting from a low base, only US valuations look somewhat expensive compared with their long-run average,” he commented.

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