Private banks 'neutral' on equities amid turmoil, but favour Asia ex-Japan stocks
Strategists recommend hedges - such as energy stocks and gold - against risk of protracted war between Russia and Ukraine
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PRIVATE banks have dialled down equity weightings to "neutral" at best, from "overweight" at the start of 2022, as escalating oil prices dim the outlook for global growth and raise fears of stagflation.
Strategists have also recommended a slew of hedges - such as energy stocks and gold - against the risk of a protracted war between Russia and Ukraine
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