Global Stock Rally May Slow on Weaker Economy, Nikko Asset Says

(Bloomberg) -- Economic growth that trails forecasts may impede the global rally that has pushed the MSCI World Index up 67 percent since March, according to Nikko Asset Management Co., which oversees $108 billion. The money manager lowered its outlook for equities to “neutral” from “overweight” for the next six months, John Vail, chief global strategist at Tokyo-based Nikko Asset, said in a telephone interview yesterday. The company raised its view on global bonds to “neutral” from “underweight.”

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