Northern Trust Entrusts its Funds in Global Markets (Bloomberg)
Asset manager Northern Trust Corp. manages more than $800 billion and is making its biggest bet on equities since 2008. Analysts see this aggressiveness as tacit confirmation that global economics are picking up in the world’s most developed markets. And a number of European markets are leading that charge, including Greece, Spain and Finland – with each market climbing by as much as 20 percent. And with 28 percent of its portfolio in U.S. markets, the manager is also betting that stimulus tapering doesn’t have as much of a drag on America’s economy as some would think. Do you agree with Northern Trust on the equities markets?
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