Escalating US/China tensions could be a major global-market driver for the balance of 2019. The geopolitical stakes have increased amid national security concerns over China’s regional military prowess and the race for 5G technology dominance. Investors should expect continued bouts of volatility and may want to consider increasing allocations to sectors and countries that could potentially benefit from the heightened tensions, and reduce exposure to areas that may be pressured.
Important Risks: Investing involves risk, including the possible loss of principal. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.