Top Down: Signs of Slowing Growth

21 June 2023

Every month, our Asset Allocation Committee meets to discuss and debate our market outlook. How has our asset allocation changed month-on-month? Here Bernard Swords, Chief Investment Officer, presents our views.

Progress has been made in markets with equities up almost 5.0% in euro terms and fixed income market up 0.6%.

Euro area headline and core inflation came in lower than expected with the drop in core inflation driven by falling services inflation. Interest rate expectations have risen in the euro area, with the peak to be in the range of 4.0% to 4.25%.

There was a strong move from equity markets led by a resurgence in IT, in particular any company related to artificial intelligence (AI). As a result, IT was the best performing sector followed by the cyclical sectors.

To explore our views, read our latest edition of  Top Down.


Previous editions of Top Down

Explore some of our previous editions of Top Down to see how our asset allocation views have changed this year.  

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