Asset allocation view

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Fidelity Multi Asset | November 2018

Clearly the big story over the last month has been the renewed bout of volatility shaking global markets, with 2018’s standout performer, US equities, now looking broadly flat for the year overall. But despite the sell-off, we maintain our neutral view on equities, and are cognisant of the potential for market participants to over or underestimate short-term movements in asset prices. Changing positions in a period of short-term volatility is rarely a good idea.