The Portfolio Construction and Strategy Team outlines key themes for the next stage of this market cycle and their nuanced implications across global asset classes.
Treading carefully: A balancing act for 2023
European Equity: A warmer spring after a cold winter?
The more cyclical nature of European equities versus the U.S. and their lower relative valuations may present strong upside potential.
Healthcare: Immunity from the downturn?
The healthcare sector has proved resilient during past market downturns and may offer growth opportunities regardless of the recession outlook.
Back to basics with intermediate duration
After investors had wisely been moving to the short end of the yield curve, intermediate-duration bonds may now be more attractive.
Starting ahead with a strong yield
The PCS Team explains why certain trends may prove to be supportive for both investment-grade and high-yield credit in 2023.
Absolute Return: No time for plaudits
Equities, bonds, property – investors had few places to hide in a challenging 2022 for major asset classes. With correlations and volatility likely to remain high, can an allocation to absolute return help to stabilise returns?
Playing Europe’s divergence
High quality investment grade credit may be an avenue for investors to navigate the global economic uncertainty, but regional nuances may emerge.
Credit Risk Monitor: Risk is back on
Careful security selection and building resilience into credit portfolios will be key to navigating this part of the credit cycle.
Where next for global equities?
Alex Crooke, Portfolio Manager of The Bankers Investment Trust, discusses performance over the last year, how businesses are dealing with higher input costs amid lower consumer spending and dividend sustainability during a period of low growth.
Investing for today, not the good old days
Why anchoring investment decisions to market conditions of the past decade could create risks for investors.