The global outlook is overshadowed by uncertainty, which can make asset allocation tricky. However, a multi-asset approach to credit investment can provide a vital degree of stability amid the turmoil.
Fast reading
- In May, Moody’s stripped the US of its triple-A credit rating, leaving the world’s largest economy without a top rating for the first time in over a century.
- The volatile market conditions support the case for a flexible and dynamic multi-asset credit investment approach.
- An unconstrained strategy has the ability to adapt to market conditions and can pull multiple performance levers to try and optimise results.
US President Donald Trump has adopted a scattergun approach to his implementing flagship tariff scheme since taking office in January.
In the space of few weeks, the US imposed 145% tariffs on China – the world’s second-largest economy – only to back peddle and drop them down to 30%. The US trade court ruling on 28 May that Trump’s ‘liberation day’ tariff scheme is illegal only adds to the sense of confusion. The US administration is appealing the ruling.
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