Welcome to the Investment Perspectives Mid-Year 2024 Outlook. As we move through the second half of 2024, major central banks are moving closer, or in some case have already started, to cut interest rates.
M&G Investments’ Chief Investment Officers (CIOs), fund managers and investment experts explore what this new policy direction might mean for financial markets.
For more information on the financial terms used in this article, please consult the glossary.
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. The views expressed in this document should not be taken as a recommendation, advice or forecast. Past performance is not a guide to future performance. We are unable to give financial advice. If you are unsure about the suitability of your investment, speak to your financial adviser.
Amid a complex macroeconomic backdrop and political and geopolitical uncertainty, the descent from peak rates could be bumpy, but we believe there is currently a wide array of promising opportunities for disciplined selective investors.
Bringing together expert views from different asset classes, we seek to illuminate for our clients the investment landscape and map out potential opportunities.
Jim Leaviss
CIO, Fixed Income
"With inflation and growth moving at different rates globally, we are beginning to see central bank policy divergence"
Fabiana Fedeli
CIO, Equities, Multi Asset & Sustainability
"Companies able to innovate and evolve... are being rewarded by the market."
After a positive start to the year, the investment landscape remains challenging, with major macroeconomic and political events looming in the coming months, as well as the broader backdrop of geopolitical tensions.
By looking beyond the day-to-day noise and adopting a longer-term investment horizon, we believe active selective investors can position themselves for future success and even reap rewards when volatility is elevated.
Patience is a valuable aspect of investing. In the current environment of heightened unpredictability and as the world continues to adapt to a higher interest rate regime, staying focused on long-term goals is arguably more important than ever.
The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. The views expressed in this document should not be taken as a recommendation, advice or forecast. Past performance is not a guide to future performance. We are unable to give financial advice. If you are unsure about the suitability of your investment, speak to your financial adviser.
The content of this page reflects M&G’s present opinions reflecting current market conditions. They are subject to change without notice and involve a number of assumptions which may not prove valid. All information included in this page has been written for informational and educational purposes only and does not constitute an offer or solicitation to invest into any security, strategy or investment product. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.