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Asset Allocation Views: Opportunity Amid Transformation
As we look ahead to 2022, our base case is for positive global growth and elevated inflation in the near term. Though we see inflation moderating during the year, there are upside risks to our forecast. We believe growth assets, such as equities and credit, will tend to deliver positive returns over the next year. However, we expect greater dispersion in performance across sectors and regions, a common feature of mid-cycle periods. Indeed, in our Asset Allocation Outlook, “Opportunity Amid Transformation,” we discuss fundamental shifts occurring at the “ground level” of the economy that we believe will have ... (full story)