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.
As we move further into 2023, things are not as bad as we thought they would be.
In the US, there has been a reassuring deceleration in inflation and good employment numbers, suggesting stronger growth than expected. The eurozone has weathered the winter and energy prices well.
Overall figures suggest that the once feared global slowdown is less likely to appear, however growth is still proving hard to find.
How do these factors impact our market outlook? And how has our asset allocation changed?
To explore our views, read our latest edition of Top Down.
CLICK HERE TO READ 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.
- Top Down, December 2022: A New Year with Familiar Problems
- Top Down, November 2022: About-turn in markets?
- Top Down, October 2022: Bonds look attractive again
- Top Down, September 2022: Reducing Consumer Discretionary to Neutral
- Top Down, July 2022: Changing the equity mix
- Top Down, June 2022: Increasing exposure to fixed income again
- Top Down, May 2022: Inflation fears are transitioning to growth fears
- Top Down, April 2022: Repositioning for a maturing cycle
- Top Down, March 2022: What does the crisis in Ukraine mean for asset allocation?
- Top Down, February 2022: What does central banks’ hawkish turn mean for asset allocation?