Global Equities a Little Rich on Long-Term Yields: State Street’s Lacaille

The video discusses the MSCI World Index reaching record highs and evaluates the current state of the global equity market. It highlights the impact of low real interest rates and strong fiscal policy on equity valuations. The speaker suggests investment strategies, including a shift from large cap to small cap, and emphasizes value plays in emerging markets and Europe. A barbell strategy combining high quality and value is recommended, with gold as a hedge.

What is the strategy mentioned regarding the allocation between U.S. equities and international markets?

How does the concept of a 'barbell' strategy apply to the current investment approach discussed?