Top Down: A New Year with Familiar Problems

26 January 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.

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.


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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