We Have Become More Cautious, Says Coutts's Kelemen

The video discusses the current state of global equities, questioning whether the recent market rise is due to fear of missing out rather than fundamentals. It highlights the need for cautious investment strategies due to contradictory signals in the market. The speaker emphasizes the importance of being nimble in 2019, ready to adjust investments as conditions change. Specific sectors and regions like healthcare, UK equities, and Russia are highlighted as areas of interest, while emerging markets and Japan are under evaluation. The overall theme is to remain flexible and responsive to market developments.

What is the main reason for Kouts' cautious approach towards global equities?

• Positive momentum in government bonds

• Attractive valuations in equities

• Contradictory market signals

• High conviction calls

What is the key theme for the investment strategy in 2019 according to the transcript?

• Focusing on technology stocks

• Being nimble

• Long-term investments

• High conviction calls

Which sector is mentioned as a long-term conviction call?

• Technology

• Healthcare

• Financials

• Energy

What is the stance on emerging markets according to the transcript?

• Completely avoided

• Open to increasing if positive signs appear

• Strongly favored

• No change in position

What is a potential risk factor for Japanese companies mentioned in the transcript?

• Dependence on global exports

• High debt levels

• Political instability

• Lack of innovation