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.
What a difference a month makes.
It’s been a tough start to 2022 for financial markets, having digested the increased ‘hawkishness’ from all the central banks in the developed world.
Now, interest rates are expected to be higher across all regions – with the exception of China – by the end of the year.
So, what has happened?
A combination of stubborn core inflation rates (they are sitting above target levels), a faster than expected labour-market recovery and unforeseen political pressure have prompted the change in interest rate and monetary policy outlooks.
To find out more about our market views and how this has impacted our asset allocation, read the full Top Down report here.
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Previous editions of Top Down
Explore some of our previous editions of Top Down to see how our asset allocation views have changed over the last year.