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Russell Investments Market Commentary July 2012
Please find attached a copy of the latest Russell Market Outlook for July 2012.
Key messages include:
§ Markets to remain unsettled until there is a strong policy response in Europe.
§ U.S. economy on track for moderate growth. Risk of recession is low.
§ China’s economy is slowing but not collapsing.
§ Shares are cheap and bonds are expensive, but risk-on/risk-off cycle to persist for a while longer.
§ Tilt against the AUD in Russell Diversified Funds increased from low to medium.
I hope you find this of interest. If you have any queries please don’t hesitate to give me a call.
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Posted on July 31, 2012
Russell Investments Market Commentary July 2012
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