Stay in shares – but don’t increase risk

The macro-economic development also shows that one should continue to have an overweight in risk-heavy actives. However, investors should be aware that the imminent phase shift means it is unwise to incur increased risk at the present time.

So read the conclusion in the monthly comment for September written by the Chief Strategist at Sparinvest, David Bakkegaard Karsbøl.

"A picture of solid growth and good prospects for the Eurozone is gradually emerging. This is happening at a time when the American economy is looking like it is decelerating after having been the most significant growth engine among the developed countries for many years. In my opinion, it is an open question whether, despite its many hardships, the Eurozone can take over this role in some quarters."

Read the full monthly comment here or watch the video.