10 ETFs for 2020

Astoria was skeptical on risk assets in 2018, turned quite constructive in early Jan 2019, and remain moderately constructive for 2020 although our overweights have shifted. Our preference for 2020 is international markets namely China, emerging markets value stocks, and high-quality dividend growth stocks in Europe and Japan. We prefer to be underweight US stocks in our dynamic global ETF portfolios.

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