Investment Strategy Update
Gain a forward-looking perspective on global markets with our monthly asset allocation. Combining expert analysis and in-depth projections, these insights are designed to guide your investment strategy, helping you anticipate shifts, identify opportunities, and navigate challenges across different market cycles.
Tactical Asset Allocation March
While our base case remains an expansion, the persistence of the energy shock has increased the probability of less favorable outcomes. Markets have largely priced the inflation shock, but not the potential impact on growth.
Tactical Asset Allocation February
Our AA stance remains moderately constructive, consistent with a policy-supported expansion and broadening earnings backdrop. The macro environment continues to favor carry and selective risk-taking, and we take a slightly more active step into risk.