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The views expressed are those of the author at the time of writing. Other teams may hold different views and make different investment decisions. The value of your investment may become worth more or less than at the time of original investment. While any third-party data used is considered reliable, its accuracy is not guaranteed. For professional, institutional, or accredited investors only.
In this series of charts, we explore the implications of global macroeconomic trends, such as continued inflation and a potential return to greater economic cyclicality, for fixed income, alternative, and equity markets.
The market is currently priced for continued cyclical convergence, which assumes that the historical pattern we’ve seen since the late 1990s will go on.
Discover why we disagree and believe that macroeconomic cycles are likely to be more extreme, frequent, and compressed going forward, creating both risks and opportunities we’re watching closely.
While global growth has changed or slowed in many parts of the world, it seems to be accelerating in developing Asia.
Understand why our experts believe that Asia will likely record the world’s strongest growth this year and next, an opportunity active managers could tap into effectively.
Global venture market deal activity has fallen almost 65%, from US$188.2 billion in late 2021 to US$67.4 billion in the first quarter of 20231 — the lowest point in nearly a decade.
However, we’ve seen opportunities in the market grow over the past nine months. Discover the reason for this apparent contradiction and learn why we see 2023 as a potentially strong ventage year for private equity.
1Source: Preqin Q1 2023 Venture Capital Update. Data as of 31 March 2023.
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How to weather the storm: A roadmap for more resilient portfolios
As we face a new era of elevated market and cycle volatility, Co-Head of Investment Strategy Natasha Brook-Walters assesses how asset owners can ensure that their portfolios are up for the challenge.
How a thematic approach can help harness change within portfolios
Multi-Asset Strategist Supriya Menon and Investment Director Andrew Sharp-Paul discuss why a thematic approach can help harness change within portfolios against a structurally different macroeconomic backdrop.
Multi-Asset Outlook: A recession is looming…or is it?
The economy has largely shrugged off the banking crisis and other concerns this year, while riding positive sentiment driven by AI enthusiasm and a possible soft landing. Members of our Investment Strategy team offer their macro and market outlook for the second half of the year, including their latest views on equities, bonds, and commodities.
2023 Mid-year Investment Strategy Outlook
To help think through the asset allocation outlook and implications for 2023, we offer views from iStrat, our investment strategy and solutions group
Mid-year Alternative Investment Outlook
This collection provides timely ideas across the spectrum of alternative investments -- including hedge funds, private equity, and private credit.
2023 Mid-year Equity Market Outlook
In our 2023 Equity Outlook, we offer a range of fundamental, factor, and sector insights as we look to 2023.
European equities: cyclically challenged but structurally supported
Macro Strategist Nicolas Wylenzek discusses why, despite cyclical challenges, European equities may be in the best structural position that they have been in for years.
Chinese equities: Pockets of strength for patient stock pickers
Portfolio manager Bo Meunier explores how China’s recovery may be more modest than headline numbers suggest and why, as a stock picker, she remains constructive.
New market regime, a new environment for global equities?
Global Equity Strategist Andrew Heiskell characterizes the new market regime, makes a case for shelving the old investment playbook, and shares potential investment implications for equity markets.
The state of venture capital markets
Co-head of private investments Michael Carmen shares his outlook for venture capital markets, including the state of deal flow, valuations, and the IPO market.
Private credit in a new regime
We explore how a shifting macro backdrop, ongoing banking crisis, and evolving competitive dynamics may create opportunities across private credit markets.