+------------------------------------------------------------------------------+
BFW 12/13 13:13 *AXA IM ADVISES PRO-RISK STANCE, OVERWEIGHT EQUITIES IN 2014
+------------------------------------------------------------------------------+
Axa IM Says Go Long Equities, Short Sovereign Bonds for 2014 2013-12-13 13:21:45.893 GMT
By Tom Kohn Dec. 13 (Bloomberg) -- Global economy will accelerate, with Europe piggybacking U.S., Axa Investment Managers says in 2014 outlook. * Advises “pro-risk tilt” * Europe to lead pack for equities, with earnings growth of ~15% * Expects steeper curves in U.S. and Europe * Euro peripherals and HY still offer carry appeal * EM currencies to remain under pressure NOTE: AXA IM had AUM of ~EU536b as of end Sept. 2013
For Related News and Information: First Word scrolling panel: {FIRST<GO>} First Word newswire: {NH BFW<GO>}
To contact the reporter on this story: Tom Kohn in Frankfurt at +49-69-92041-283 or tkohn@bloomberg.net
To contact the editor responsible for this story: Max Julius at +44-20-3525-8917 or mjulius4@bloomberg.net