Top News | Apr 17, 2014

Google: Q1 result missed market expectations

Google (Attractive*) disappointed because of lower online-advertising prices (-9%) despite rising sales of 19% to USD 15.42bn. Main reason are smartphones with its small displays and often slow connections. However, clicks increased 26%. Quarterly income of USD 3.45bn (+3%) was slightly below analysts’ estimates. Google shares dropped as much as 6%.

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LGT investment decisions at a glance

Tactical Asset Allocation for Q2/2014

Recent developments in Ukraine and China have thus far only marginally increased the risk of derailing the recovery in the advanced economies, where underlying trends remain constructive. We decided to keep our regionally diversified equity overweight in the developed markets and increase our allocation in commodities and real estate investment trusts. We also stick to our US dollar position.

LGT Asset Allocation Strategy (PDF)