MOST POPULAR INSIGHTS
ASSET CLASS VIEWS FROM OUR SENIOR INVESTORS
Global Asset Allocation Views 1Q21
The main driver of asset returns likely transitions from liquidity to growth in 2021. We maintain a pro-risk tilt, prefer cyclical equities, are neutral on U.S. large caps and in credit favor EM debt. We move duration from underweight to neutral.
Global Fixed Income Views 1Q21
Above Trend Growth remains our base case as vaccinations start and global reopening begins. Inflation is a risk but we think it would be short term. Our preferences include emerging market local bonds, investment grade bank credit, high yield bonds.