Oct. 9 - S&P's Investment Policy Committee elected to raise its 12-month price target to 1150 from 1100, and to increase its suggested exposure to global equities.
Specifically, we are recommending that investors reduce their cash exposure by five percentage points to a benchmark 10% allocation and add to worldwide equities by raising the U.S. equity exposure to 48% from 45% and the foreign allocation to 17% from 15%.
