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Investors’ Outlook: Looking at the big picture

While the impact of tighter monetary policy has started to seep into the real economy and it’s clear it won’t leave it unscathed, adjusting the lens also shows us a positive side of the coin. Our Multi Asset Boutique balances the details and the big picture, along with the accent highlights painted by the brushstrokes out of China and emerging markets. Find out what they see.

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Key takeaways

  • Investors have been scouring a sea of details in the search of hints of what’s to come. Inflation continues its downward trend, economic data point to a possible recession in the second half of the year, and the odds for more accommodative monetary policy towards year-end have increased.
  • Another important element making up the broader view is the world’s growth motor, China. Market participants are keeping a close eye on economic indicators our of China, and some may have been disappointed lately. Still, the recovery is moving in the right direction, and growth momentum in emerging markets remains significantly stronger than in developed markets.
  • We feel like the stones we’ve picked currently provide a solid foundation to support the weight of the current headwinds, which means we have refrained from any changes to our portfolio positionings.
  • Our colleagues in the Conviction Equities Boutique zoom out on Chinese equities to connect the dots of a longer-term story for you.

  

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