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Investment Monthly - January 2022

The high-speed economic cycle and the noise in the data create two-way risk, and the potential for higher volatility.
04 January 2022
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    • The high-speed economic cycle, and the noise in the data, creates two-way risk, and the potential for greater volatility, making the landscape tricky to navigate
    • However, stocks should continue to outperform bonds in the mid-cycle phase. Policy normalisation and a staged rise in bond yields should help value and cyclical parts of the equity market
    • Policy headwinds, covid, and the dollar outlook will weigh on EM performance. But Asia & EM fixed income remains the stand-out valuation opportunity