Our quarterly managed funds report outlines the pathway best-suited to deliver on our current asset allocation strategy.
Despite a challenging start to the year we continue to stay cautiously constructive, backed by an expectation that the investment backdrop will likely improve over the next few months.
Our central case is that US inflation is likely to be at or very close to its cycle peak. While uncertainty is undoubtedly higher than average, we still see the 12-month outlook for equities as being supported by a reasonably robust global growth backdrop and what are still relatively low interest rates in a historical context.
In this report we share a performance update on our manager focus list and the signposts we are watching to move more cautiously or positively on risk assets.
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David is one of Australia’s leading investment strategists.