Portfolio Managers Prepare For Rate Cuts, Equities Favored Over Bonds

Portfolio managers are preparing their portfolios for rate cuts on Wednesday. The key question is not if the Federal Reserve will cut rates on September 18, but by how much? Aymeric Forest, head of investment strategy and financial engineering for AXA IM Select in London, a multi-manager investment firm and part of USD925 billion AXA Investment Managers, said he has a preference for U.S. equities over bonds…