Top Down: Bonds look attractive again

19 October 2022

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.

Since we published the last edition of Top Down, it has been a turbulent time for financial markets – and a particularly difficult time for investors. World equities fell 6% in euro terms, while the euro area bond market returned -4.3%.

There was nowhere to hide. There was a resurgence in inflation in the US and, in the euro area, inflation did not ease. And the consequent increase in interest rate expectations was the primary factor in the weakness of asset markets.

How did this impact our market outlook? And how has our asset allocation change month-on-month? 

To find out, 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.  


This is a marketing communication.


Related Articles
Your Investments
What next for the global economy? Five key questions answered

Dermot O'Leary

We sat down with Goodbody Chief Economist Dermot O’Leary to look at some of the big issues shaping the global economy.

Read More
Your Investments
Energy prices: How big an economic shock is coming in Europe?

Dermot O'Leary

In the Q3 2022 edition of Economic Monitor, we assess the energy shock and its toll on the European economy.

Read More
Your Investments
Market Pulse: UK chancellor moves to calm markets

Bernard Swords

Market Pulse brings you insights on the latest investment themes to help preserve and grow your wealth.

Read More
Contact Us
Warning: Nothing presented on this website constitutes investment advice as it does not take into account the investment objectives, knowledge and experience or financial situation of any person. You should not act on it in any way and are advised to obtain professional advice suitable to your own individual circumstances. The value of your investment may go down as well as up. You may lose some or all of the money you invest. Past performance should not be taken as an indication or guarantee of future performance; neither should simulated performance. The value of securities may be subject to exchange rate fluctuation that may have a positive or adverse effect on the price or income of such securities.