This document presents a summary of our investment views. It explains our latest thinking on global markets and the most recent decisions we have made about what
to buy and sell within your portfolio. The EQ Asset Allocation Committee met in May. Where relevant the indicators show how our views have changed since our previous
meeting in February.
Please note: our views may change at any time.
The overall structure of any portfolio is determined by its risk profile, and our views will influence your portfolio based on its default positioning: please see page 6 for details.