Investors stick with expensive equities, despite rising risks

Soaring equity markets over the past year have left investors increasingly concerned about valuation drops to the assets, but experts say they are not reducing their exposure because alternatives look just as expensive, if not more. Current equity valuations have been rising above the average valuation of the past 15 years, Tuan Huynh, chief investment officer for Asia Pacific at Deutsche Bank Wealth Management, said. “Most markets, except for Japan, are trading above this long …