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Portfolio perspectives | Video - 10:19 MIN

Asset allocation video – Assessing the impact of a mixed outlook

Maya BhandariDaniel Morris
2 Authors - Portfolio perspectives
04/05/2023 · 1 Min

Watch our asset allocation video with Daniel Morris, Chief Market Strategist, and Maya Bhandari, Global Head of Multi-Asset, as they discuss the market outlook and risk of a US recession. Will there be a hard landing, or stagflation? They note there is a real and tangible downside risk to US growth, but this is less obvious in emerging Asia or indeed Europe. 

They tackle the latest developments by looking through the lens of some of the recent changes in allocations including a now more cautious view on European duration, a reduced overweight position in European investment-grade credit and the move to a neutral position in US equities.


Please note that articles may contain technical language. For this reason, they may not be suitable for readers without professional investment experience. Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients. This document does not constitute investment advice. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay. Past performance is no guarantee for future returns. Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions). Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.

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