Time to Swap Out of US Stocks, Northern Trust AM’s Bahuguna Says

Investors should use the rebound in US stocks to cut exposure in favor of developed markets such as Europe, said Anwiti Bahuguna, chief investment officer of global asset allocation at Northern Trust Asset Management.

While the temporary truce on tariffs has lowered recession risks, levies are still higher than in the past and will have a negative impact on economic growth, Bahuguna said in an interview in London.

“Now is the time to rotate away from the US,” she said. The $1.3 trillion asset manager has trimmed its position in US stocks and instead raised allocation to markets including ...