All Inflation articles – Page 25
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White papersLooking beyond headline risks: European ABS review and 2023 outlook
It has been a challenging year defined by seismic events – from spiralling inflation to rising rates, and war in Ukraine. Indeed, 2022 has seen punctuated bouts of volatility applying great pressure on risk assets – but European ABS managed to outperform many of its peers. Here, we take a look at why this is the case, and what to potentially expect for 2023.
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White papersAlways, Sometimes, and Never
MACRO MATTERS: In this monthly series, we take a quick, comprehensive look at current macroeconomic themes that matter to clients.
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Research ReportThe power of private real estate
Private real assets are a powerful tool for institutional investors. Our latest research demonstrates private real assets’ potential to deliver uncorrelated returns, making them a key element for diversifying portfolio risk.
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VideoWhy Value Now?
(1:58) Client Portfolio Manager, Nicole Vettise explains why value could be a good place to be in the current market environment, highlighting some key considerations for value-style investors.
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White papersWhy the outlook for bonds is improving
Bonds are poised to deliver better risk-adjusted returns than equities over the next 12 months.
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White papersOutlook for Equities: Growth Stocks Are “Coiled Springs”
High inflation and interest rates brought significant pain to growth equities in 2022. Today, their de-rated valuations and resilient earnings fundamentals are presenting an attractive opportunity to patient investors.
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White papersInfographic – Investing as the economy enters a new configuration
What should investors expect at a time when central banks are fiercely fighting inflation, economies are slowing and geopolitics and global economic integration are in turmoil? Check out this infographic for our views on monetary policy, equities and bonds, and sustainability in 2023 – in short, on investing in an age of transformation.
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White papersMacroeconomic Picture - January 2023
United States: the US economy is showing signs of deceleration, with restrictive monetary policy starting to weigh on activity and progressively dragging growth below potential.
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White papersEquity Outlook: Rebuilding Conviction in Stocks for a Changing World
For 40 years, steadily declining inflation and interest rates buoyed equity returns. That changed abruptly last year. Investors must now adjust expectations to a new macroeconomic and market landscape that will require a fresh mindset to reach long-term goals.
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VideoPreparing Equity Portfolios for a New Investing Era
It certainly feels as if we’re entering a new era for investors, and that can be pretty unsettling, particularly after a year like 2022, where we saw extreme volatility and stock markets around the world declining. But we believe that this is the right time to focus on what the new regime may look like and start to position accordingly.
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White papersGlobal Macro Outlook - First Quarter 2023
After a year defined by inflation and the policy response to it, we expect 2023 to be a year of transition. The timing of that transition, however, remains unclear and is likely to be defined by the amount of damage done to the economy by this tightening cycle.
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White papers2023 Outlook: Long-term perspective on markets and economies
There’s a new reality taking shape in global markets.
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PodcastWhat Goes Up Must Come Down…Right?
As we wrap up on the past year, many would agree that the predominant market trend that impacted investors would have to be inflation. In 2022, inflation levels rose to the highest we have seen in four decades. How did we get here?
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White papersU.S. Economic & Property Market Perspective 04 2022
The Federal Reserve spent much of 2022 attempting to convince financial markets they are committed to controlling inflation, pulling forward the pace of interest rate increases and raising the expected so-called “terminal rate” for overnight borrowing at each of the last five monetary policy meetings of the Federal Open Market Committee (FOMC).
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PodcastSolving for 2023: How the Tables Have Turned
As we conclude another year of volatile markets, geopolitical turmoil as well as record-setting inflation getting added to the mix, one could say that 2022 was truly an eventful year. But as we reflect on the pivotal events that occurred, what lessons can investors take away as we prepare for the year ahead? Could there be an end in sight for the volatility? And what asset classes might investors want to delve into in the coming year, now more than ever?
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White papersA downturn is ahead, but pinpointing when and where is the real question
Around this time last year we expected high yield markets to rebound after an August reboot. However, as at the end of October we were looking at our global high yield benchmark losing 15% from the start of 2022. Against this, we did correctly predict that the global yield market would outperform gilts and sterling credit, and that emerging market debt would be a key area of weakness, delivering returns well below the US and European regions.
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White papersCreditably building into risk positions amid falling markets
A series of bear market catalysts punctuated 2022 – from ongoing supply chain issues to Russia’s invasion of Ukraine, political instability in parts of Europe, rising inflation and higher interest rates. While the economic environment would prescribe taking a step back to crouch and observe as the cycle plays through, government bond and credit valuations tell a different story, writes Gaurav Chatley, a Senior Portfolio Manager for European Credit at M&G Investments.
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White papersIG Credit Outlook 2023: Adding balance to portfolios
It has been a difficult year for fixed income in general. Stocks and bonds rarely decline in tandem in a calendar year, and 2022 was the only exception in the 45-year period dating back to 1977.
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White papersGlobal Investment Views - January 2023
The bear market rally materialised, but strong US November job market data cooled the markets’ dovish narrative, creating a mixed picture for US inflation, given that the service components remain sticky. The Fed, for its part, slowed the pace of rate hikes, but reiterated that its job is far from over. We believe central banks, including the ECB, will be walking a policy tightrope, as risks of mistakes are high.
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White papersEmerging Markets Debt: Springtime in January?
With the inflation and geopolitical fogs around the world dissipating, and a monetary policy pivot potentially in the cards, 2023 is shaping up to be a promising year for emerging markets debt.
