Investment Strategy Adjustments Amid Market Fluctuations

Wellington Investment Management's Investment Solutions Director, Andrew Sharp-Paul, has disclosed that the firm currently maintains an 'overweight' rating on U.S. stocks. According to Ming Pao, this decision is influenced by fiscal easing and deregulation benefits. Sharp-Paul further explains the rationale behind the firm's slightly 'underweight' position in credit, particularly investment-grade credit, within their managed portfolios. He also discusses strategies to address the significant fluctuations in gold prices observed this year.