09 October 2014 at 9:24 GMT
Teis Knuthsen, Chief Investment Officer for Saxo Private Bank, on why his asset allocation is now neutral on bonds versus equities. It's the first time for a year that he's set his strategy to reduce exposure to equities. Teis says: "For the past couple of months we've been seeing a move from what we call an economic expansion into an economic slowdown". Although still bullish on global equities Teis has taken the opportunity to reduce risk during what he calls a "tactical soft patch".