JPMorgan Strategists Boost Exposure to Commodities, Cut Bonds

Investors should boost their commodity positions, go further underweight bonds and maintain a pro-risk exposure to equities, according to strategists at JPMorgan Chase & Co.

A team including Marko Kolanovic, Nikolaos Panigirtzoglou and John Normand raised the commodities weighting of a JPMorgan model portfolio to 6% from 4% previously, in a note Thursday. It reduced exposure to government bonds to minus 13% from minus 12% and corporate bonds to 2% from 3%. Equity holdings were held steady at 10%.