Has there been any changes in the economy or fundamentals that have resulted in the recent rise in inflation/yields and the value vs. growth spread? Not in Astoria’s view.
Until macro-economic data & earnings improve, Astoria’s Investment Committee prefers to maintain a lower portfolio beta (i.e. less allocated towards stocks and higher allocations to alternatives).
Click here to read our September 10, 2019 CNBC interview
Best, Astoria Portfolio Advisors Investment Committee
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