3 Key Themes for the Year Ahead
Investors should expect global growth to advance in 2020, underpinned by the largesse of central banks. But the pace of expansion may continue to slow, with the potential for income and return somewhat muted.
Some macro risks, such as an unruly Brexit, appear to be moderating, yet the U.S.-China trade relationship remains a major source of uncertainty. Markets remain highly sensitive to the news cycle and are likely to test investors’ patience during the year amid shifting expectations on rates, politics and earnings.
The challenges surrounding markets now merit caution, but selective opportunities continue to surface across asset classes for active managers with specialised expertise and disciplined processes. Looking beyond traditional asset classes, small-caps, real estate, emerging markets, infrastructure and alternatives all merit consideration heading into the new year.
Read What Our Managers Are Saying About 2020
Resilient Growth, Despite Risks
Consumers Hold the Key
Cautious Optimism Amid Change
Shifting the Global Balance
Emerging markets could be poised to replace the U.S. as the main engine of global growth as current trends normalise.
Looking Beyond the U.S.
Uncertainty on the Horizon
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