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Disclosure – Non-substantive Research
This is not substantive investment research or a research recommendation, as it does not constitute substantive research or analysis. With this commentary, Kepler Partners LLP does not intend to influence your investment firm's behaviour.
Most of the leading capital-protection multi-asset trusts continue to run with very low equity exposures, despite the rally we have seen in markets this year to date and growing optimism on the economy. Here, we analyse why the managers remain defensively positioned and the impact of their equity allocation decisions.
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