Pictet balances emerging markets optimism with caution on equities and bonds

Pictet Asset Management, the investment management arm of the Geneva-headquartered wealth management giant Pictet Group, is warning against complacency in global markets amid easing US-China trade tensions and reopened negotiations over the UK’s withdrawal from the EU.

Luca Paolini, chief strategist at Pictet Asset Management, voiced optimism in emerging market assets while remaining neutral on equities, and negative on bonds.