Writing in the fund's third quarter asset
allocation outlook, J.P.Morgan AM's head of global multi-asset
strategy John Bilton noted the Bank of England was one of the
"last banks standing in the hawkish camp, despite deteriorating
Most reckon the BOE will have to follow the example of other
major central banks -- U.S. Federal Reserve to the Bank of Japan
and the European Central Bank -- which have recently turned
dovish, sending sovereign bond yields across the United States
and Europe to multi-month or even record lows.
The asset manager also upgraded its view on the dollar to
"neutral", even though the Fed's recent dovish pivot has
prompted many other players to bet on more weakness in the
But Bilton said the dollar "could weaken a touch on Fed cuts,
but U.S. growth differential to RoW (rest of the world) limits
J.P.Morgan Asset Management also said it now has a negative view
on emerging market equities, citing a weak earnings outlook due
to trade war concerns.
J.P. Morgan Multi-Asset Solutions has $255 billion of assets
(Reporting by Karin Strohecker; editing by Karin Strohecker)
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