Société Générale announced a revision of its investment strategy, increasing equity allocations to 55% from 50% and commodities to 20% from 15%, while decreasing fixed income and cash holdings. The bank's chief U.S. equity strategist, Manish Kabra, expressed confidence that government spending and corporate investments will sustain economic growth despite tighter monetary policies. The updated strategy favors equities in the U.S., Japan, and the U.K., with a particular focus on China among emerging markets, as the bank anticipates ongoing momentum in fiscal policies.
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