Against a backdrop of high inflation, dramatically tightening financial conditions and slowing growth, Chief Investment Officer Jon Cheigh recently spoke with our Head of Multi-Asset Solutions, Head of Real Assets Multi-Strategy, and an Investment Director at University of Notre Dame about current market conditions.
Session
Watch the session to learn about…
- The roadmap for the next 12–18 months:
We expect growth will remain below trend next year, and inflation may settle around 3% over a longer period. However, because the economy is decelerating, we expect volatility to remain high for the time being. - Regime change underway:
Disinflation and low macro volatility drove markets for the last 20–30 years. We think the next 5–10 may be characterized by higher macro volatility and inflation, with real assets likely to outperform the broad market. - Building strategic allocations:
A 10–15% allocation to real assets should be considered to maintain expected return and take advantage of the diversification benefits to improve overall portfolio volatility. Adjustments can be made from there to modulate a portfolio’s inflation beta, equity risk premium or duration risk premium exposures.
Panelists:
- Vince Childers, CFA, Head of Real Assets Multi-Strategy
- Jeff Palma, Head of Multi-Asset Solutions
- Michael Cook, CFA, Investment Director, University of Notre Dame
- Moderator: Jon Cheigh, Chief Investment Officer & Head of Global Real Estate
← Real assets and alternative income in a changing landscape overview
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