Global imperative for advisers

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barings cio says intermediaries should shun regional approach when designing portfolios

Advisers must take a global rather than regional perspective when designing client portfolios, according to Michael Hughes, chief investment officer at Baring Asset Management. Hughes said globalisation and currency volatility has resulted in equity markets being increasingly non-correlated. "Many consultants now recommend global rather than regional stock picking as it is better to buy the best stocks from a global perspective than try to choose the best on a regional basis," he said. In addition, to achieve the best results, investors must be prepared to take on portfolios with high...