Asset Allocation Chart Pack Omicron uncertainty provides a sense of déjà vu News of the spread of the Omicron variant has put COVID-19 back at the top of many investors’ list of concerns. While on a far smaller scale, the impact on markets so far has been qualitatively... 30th November 2021 · 12 mins read
Asset Allocation Outlook Risky assets face a more challenging backdrop While the combination of a strong economic recovery and accommodative monetary policy has fuelled healthy returns for many investors over the past 18 months or so, we think that the macroeconomic... 29th October 2021 · 25 mins read
CE Spotlight What would an era of higher inflation mean for markets? We expect underlying inflation in the US to be significantly higher over the next decade on average than it has been over the last one. Nonetheless, we don’t think that it will climb sharply from here... 29th September 2021 · 27 mins read
Asset Allocation Chart Pack Developments in China shake up the outlook Three key developments in China over the past month or so are worth highlighting, as they feed into our broader asset allocation forecasts for the next couple of years. First, what started as a... 16th September 2021 · 13 mins read
Asset Allocation Chart Pack Three recent trends we expect to last We expect several of the trends that have tentatively (re-)emerged in financial markets recently to persist. 12th August 2021 · 13 mins read
Bonds & Equities We don’t expect the rally in bond markets to continue While long-dated government bond yields have plummeted in recent months, we suspect that high inflation and the prospect of tighter monetary policy will see them turn a corner before long. We forecast... 30th July 2021 · 29 mins read
Asset Allocation Tempering our optimism We no longer expect equities and corporate bonds to outperform “safe” government bonds by anything like as much as we did a couple of quarters ago, and we continue to forecast that some other “risky”... 21st July 2021 · 25 mins read
Asset Allocation Chart Pack Prospects for risky assets no longer seem as bright We are still anticipating an extremely rapid recovery in the global economy over the rest of this year. But even so, it has become more difficult to make the case that returns from risky assets across... 10th June 2021 · 13 mins read
Asset Allocation Chart Pack We think that rotation may leave DM REITs behind Although we forecast that that the “rotation” in equity markets generally has further to run, as COVID-19 is contained and economies re-open, we project that developed market (DM) Real Estate... 6th May 2021 · 13 mins read
Asset Allocation Chart Pack Rotation in equity markets may have further to run While equity markets came under pressure towards the end of the month, they generally weathered February’s roughly 30bp rise in the 10-year US TIPS yield quite well, with most major indices still... 2nd March 2021 · 13 mins read
Asset Allocation Chart Pack Putting the wave of speculation into context Extreme speculative movements in the prices of a handful of stocks and of silver have generated a lot of headlines over the past month. But those surges have not been reflected in the performance of... 2nd February 2021 · 13 mins read
Asset Allocation Outlook Coronavirus recovery rally may be far from over Although the incoming economic data are likely to remain poor until around mid-2021, we forecast that “risky” assets will continue to outperform “safe” ones comfortably over the next couple of years... 7th January 2021 · 23 mins read
Asset Allocation Chart Pack Reflation, rotation and risks Good news about progress on coronavirus vaccines in the past month has started, or fuelled, a number of trends which we broadly expect to last through 2021, as those vaccines help the global economy... 2nd December 2020 · 12 mins read
Asset Allocation Chart Pack Latam & EMEA Equities may continue to outperform As investors have digested the prospect of an effective vaccine against COVID-19, many of the patterns in financial markets which have been a feature during the pandemic have started to unwind. One... 16th November 2020 · 13 mins read
Asset Allocation Outlook The winding road to recovery The market movements of recent weeks are a timely reminder of the importance of the main near-term risks – coronavirus cases rising in major economies as winter approaches, and uncertainty about the... 2nd October 2020 · 23 mins read
Asset Allocation Chart Pack Energy commodities could outperform US equities The two asset classes that we track which have seen by far the most action since the last edition of the Asset Allocation Chart Book on 5th August are US equities and energy commodities. Not only have... 10th September 2020 · 12 mins read
