Quarterly Equities and Multi Asset outlook - Q4 2022

20 min read 13 Oct 22

Please find below the link to our Q4 Quarterly Outlook from the M&G Equities & Multi Asset Team.

This piece has commentary from each investment desk (Multi Asset, Global, Impact, Emerging Markets, Asia Pacific, Japan and Convertibles) with a foreword from Fabiana Fedeli, CIO Equities and Multi Asset.

  • We are getting closer, but we are not quite there yet.
  • As growth slows, we could increasingly see competing fiscal and monetary policies.
  • We anticipate continued central bank hawkishness into year end as markets look for hints of a change in tack.
  • For long-term investors, who don’t mind seeing their portfolios fluctuate in the medium term, this is as good a time as any other to add to liquid risk assets.
  • For the near term, we expect rangebound markets, with the breadth of this range being driven by newsflow.
  • Consensus corporate earnings forecasts have come down, but likely not enough.
  • As volatility stays elevated, we see some compelling investment opportunities, but selectivity and diversification remain key.

 

To read the note in full, please click here.

By M&G Equities and Multi Asset team

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. Past performance is not a guide to future performance.

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