KTS Investment Horizon

As we have argued in the past, the central banks’ unorthodox and lengthy monetary policy has undeniably inflated financial assets to some extent rather than restoring the actual economy to a normalized growth rate. Accordingly, volatility in the stock markets was at a dubious low level, meaning that stocks had rallied further without experiencing a major stock market correction. The expectation that the risk of financial markets to disappoint is high, we precociously adopted a more prudent investment strategy; we reduced our risky asset exposures in favour of...

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