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Top Down: Bonds look attractive again

19 October 2022

Every month, our Asset Allocation Committee meets to discuss and debate our market outlook. How has our asset allocation changed month-on-month? Here Bernard Swords, Chief Investment Officer, presents our views.


Since we published the last edition of Top Down, it has been a turbulent time for financial markets – and a particularly difficult time for investors. World equities fell 6% in euro terms, while the euro area bond market returned -4.3%.

There was nowhere to hide. There was a resurgence in inflation in the US and, in the euro area, inflation did not ease. And the consequent increase in interest rate expectations was the primary factor in the weakness of asset markets.

How did this impact our market outlook? And how has our asset allocation change month-on-month? 

To find out, read our latest edition of  Top Down.

CLICK HERE TO READ TOP DOWN 


Previous editions of Top Down

Explore some of our previous editions of Top Down to see how our asset allocation views have changed this year.  

 


This is a marketing communication.

 

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