JPMorgan: Investors should re-think safe harbor assets

The chief investment officer and strategist at JPMorgen believes a bubble is being formed in so called safe harbor asset classes.
Photo: Stephanie Keith/Reuters/Ritzau Scanpix
Photo: Stephanie Keith/Reuters/Ritzau Scanpix

The world economy is currently in a late-cycle phase, which usually means more money will pour into the most risky asset classes. But instead, a bubble is taking shape in the so-called safe harbor asset classes, according to Stephen Macklow-Smith, who is chief investment officer and strategist at US-based JPMorgan.

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