Apollo's six asset allocation tips for 2013

Apollo Multi Asset Management co-founder Steve Brann discusses the impact of the US deal to avert the fiscal cliff, and outlines his six key asset allocation decisions for 2013.

The US Congress agrees to measures that will permanently cut the income taxes for most Americans. This averts the possibility of a severe fiscal crunch occurring in 2013 but the problems are far from over. Indeed, the latest measures actually undermine long-term fiscal stability. The US government needs to raise revenue and cut spending, this is not resolved. Opposing US politicians will face intense negotiations over the next two months about raising the debt ceiling from the current $16.4trn (Source: US Treasury Dept). If this is not done, the government runs the potentially disastrous...