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.
It's a new year, but markets are still dealing with the problems of 2022. As central banks fight inflation, interest rates in the euro area are expected to increase from 0.5% to 3.5%.
Both headline and core level inflation are decelerating in the US month on month.
In China, most Covid-19 restrictions have been removed and the hope is that the economy will follow a similar path to that of Europe and the US in 2020/2021.
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, 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?