ABN AMRO MeesPierson has scaled back its position in European equities
ABN AMRO MeesPierson, the private banking arm of ABN AMRO, has scaled back its position in European equities from overweight to neutral. At the same time, it has increased its holdings in American equities, reducing the slight underweight position in these stocks. ABN AMRO MeesPierson stresses that the changes are very limited. The overweight position in emerging Asia remains intact. The bank has also made no changes to the asset allocation, remaining overweight in equities and cash and sharply underweight in bonds.
