Asset Allocation Insights
Asset Allocation Insights is a prospective publication that analyses the macroeconomic framework and defines the allocation of assets.
‘Not a time to be brave’

Global equity markets declined in August, ending the rebound that began in July. Most of the economic data released last month points to an economi [...]

Europe at the forefront of stagflation risks
Europe at the forefront of stagflation risks

High inflation has precipitated a slowdown in developed economies’ growth, with Europe facing the highest risk of stagflation due to the ongoing en [...]

Market Outlook - H2/2022
Market Outlook - H2/2022

Economic growth is likely to remain positive during the second half of the year, supported by the reopening of the Chinese economy.

The growth-inflation trade-off

Central banks have to re-learn to live with inflationary pressures and to normalize their monetary policy. Households are concerned by a decline of [...]

A soft landing with scary turbulence

Global equity markets are nearing bear market territory, being down nearly 20% from their recent peak. The acceleration of the market pullback seem [...]

Not out of the woods yet
Not out of the woods yet

Our leading indicators (macro & fundamental) continue to point towards challenges for equity markets. From a technical standpoint, the long-ter [...]

The Facts, the Knowns and the Unknowns

We have been gradually reducing our exposure to equities and credit over the last few months based not only on fundamental & technical indicato [...]

Time for risk management

SPECIAL ASSET ALLOCATION INSIGHTS The Russia-Ukraine conflict has pushed geopolitical risk to a very high level and is having a meaningful impact [...]

The calm after the storm?

It has been a rough start to 2022 for risk assets as expectations of more rapid monetary policy tightening and inflation concerns pushed equities a [...]