Investors have plenty of challenges to focus on as a volatile year enters its final months. The global growth picture seems to be slowing, corporate earnings may face headwinds and geopolitical tensions seem to be rising. And while we believe private markets continue to be hotbeds of innovation and long-term outperformance, they too face some challenges.
In this episode of CIO Perspectives, Keith Stone, Erika Pagel and Sid Ahl discuss some of the most notable market developments in recent weeks and how they are positioning portfolios accordingly.
The themes and topics discussed include:
- The outlook for global markets as recent data suggests inflation may persist, policymakers shape aggressive responses and global growth slows.
- If bond allocations look compelling again given the rate backdrop and whether the post-Global Financial Crisis era of There Is No Alternative (TINA) to equities, where low yields on bonds made equities “the only game in town” may be ending.
- Recent developments and the outlook for key segments of the private markets, including venture capital (VC), buyout credit and real estate.
- The steps private companies are taking to respond to the current economic backdrop, how different VC subsegments are performing and where we may be in a potential correction in private markets, which tend to lag pubic markets by several months.
- Opportunities for innovative venture-backed companies taking a return-first approach to impact-oriented themes such as lower carbon business and ESG.
As always, we welcome your thoughts, feedback and questions.
Speakers: Keith Stone, Erika Pagel and Sid Ahl
Inflection Points: 2022 Asset Allocation Perspectives and Outlook Report
Our new publication “Outlook 2022: Inflection Points” by Sid Ahl, Erika Pagel, Taylor Graff and J.R. Rodrigo is now available. This year’s report examines several issues that the team is monitoring as we head into 2022. Read more >
CIO Roundtable: Inflation Greenflation and Tech Regulation
We discuss how transitory inflation may actually be, and how we have been positioning portfolios. We discuss “greenflation,” why the semiconductor shortage is playing an outsized role in inflation and why a potential capital expenditure boom could help contain inflationary pressures over the longer term. We also look at China, where we've seen regulatory crackdowns and concerns about its real estate sector weighing on the country and emerging markets more broadly. We also discuss the technology sector, where some high-profile tech giants may be facing increasing regulatory scrutiny. Read more >
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