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Jim Caron, the firm's chief investment officer for cross asset solutions.
Morgan Stanley Investment Management has shifted from overweight to underweight Europe in its portfolios.
KEY POINTS
- The firm cites persistent high energy costs and inflation from the Iran conflict as key risks for Europe.
- European fiscal stimulus will be redirected from growth to cushioning energy price shocks, especially in Germany.
- Morgan Stanley is increasing its overweight position in U.S. assets and considering more exposure to Japanese banks and industrials.
COMPANIES
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