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Fidelity Multi-Asset Goes Overweight Emerging Stocks, Cuts Cash

FYI: Fidelity International’s multi-asset fund has moved to overweight on emerging-market equities and cut cash holdings to underweight, the asset manager said on Friday.

Emerging-market equity valuations are attractive while the headwinds of dollar strength and high oil prices are fading, said James Bateman, chief investment officer of multi asset at Fidelity International.
Regards,
Ted
https://www.reuters.com/article/us-fidelity-fund/fidelity-multi-asset-goes-overweight-emerging-stocks-cuts-cash-idUSKCN1PC16A?il=0
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