The return of inflation is clearly one of the top themes of 2021 and the post-pandemic economic revival. In addition to the temporary effects associated with supply chain bottlenecks (semiconductors, energy, copper, etc.) during a sudden upturn, there is the question of a potential change in the inflation regime.
The alignment of monetary and tax policies around the world points to a potential ‘last battle’ to ward off the deflation risks of the previous decade and, in doing so, encourage higher inflation. The ambition of this study is to look at how to adapt equity portfolios in this scenario.1
You can now read the full whitepaper at the link below