Asset Class Views

Global Asset Allocation Views 3Q20

Our updated views reflect a moderately greater risk tolerance and a recognition that central banks are “all in.” We are neutral stocks vs. bonds, prefer U.S. equities, overweight investment grade credit and reduce duration to a small underweight.

Factor Views 3Q20

Factor performance was negative in Q2 as markets went into free fall. Equity factors were mixed while event-driven and macro factors were hit hard. We see a heightened opportunity set following a particularly difficult quarter.

Global Fixed Income Views 3Q20

After a historic quarter of global pandemic and breathtaking fiscal and monetary support, we believe GDP has bottomed. Above Trend Growth is our base case (80% probability). Our preferences include bank capital and high quality securitized credit.

Mid-Year Income Perspectives

The first six months of 2020 have witnessed unprecedented market volatility, with the global corona virus pandemic sparking one of the sharpest global downturns on record, before markets staged a significant recovery on the back of massive fiscal and monetary policy stimulus.

Global Equity Views 3Q20

While the opportunity to invest at depressed prices is largely gone, we see a good chance of better relative returns from a wider range of stocks. Look for opportunities outside the usual suspects that have dominated returns for a decade.

Investment Options

Capabilities & Solutions

Market Insights

Portfolio Insights

Global Asset Allocation Views 3Q20

Factor Views 3Q20

Global Fixed Income Views 3Q20

Mid-Year Income Perspectives

Global Equity Views 3Q20

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