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Asset Allocation Outlook: The calm after the storm

With the noise around US tariffs and war in the Middle East fading, at least for now, we think the stage is set for some further decent returns from “risky” assets – especially US equities – over the next couple of years. But we suspect commodities will continue to lag. Meanwhile, cautious central banks and, in some places, growing fiscal concerns, could mean that government bonds don’t fare that well either.

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