Where do we see potential within alternatives?
Where do we expect bond yields to go?
Macroeconomic assumptions: Mostly stable, mostly moderate
What are the bright spots in fixed income?
New technology could boost productivity and, in turn, economic growth, but relatively full equity valuations and low bond yields pose cyclical challenges.
Our view over the past few quarters has been that EURUSD should be rangebound, as the cyclical outperformance of the US economy is offset by the eurozone’s relatively better balance of payments position.
DC plans should consider adding multi-asset credit strategies to their default strategies