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Market outlook December 2018 - Still overweight in equities

We took advantage of the decline in equity prices in October to go overweight in equities in the portfolios. The prerequisites for this overweight have not changed. This is based on the fact that growth and earnings are still satisfactory, that the fiscal policy in several countries is supportive and that interest rates remain low. However, we must anticipate larger fluctuations than we have been accustomed to in recent years. This is a natural development during the later stage of the economic cycle. In our equities portfolio, we are moving European equities from an overweight to a neutral weight.

» Read our market outlook for December

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DNB Luxembourg has provided private banking and investment advice to customers in Europe for more than twenty years. We have in-depth knowledge of local markets. Our banking operations are based on Norwegian values and experience dating back to the establishment of the bank in 1822.

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