Scopic Research regularly monitors multi-asset teams' sentiments towards prospects for different growth, defensive, and diversifying-type assets on a 12-month view. Investment Week has joined with Scopic to share the results in a new quarterly article. Here, Paul Ilott, managing director of Scopic Research, summarises the findings for this quarter.
The outlook remains cautious for risk assets and most multi-asset managers anticipate developed market economies falling into recession either in the second or third quarter of 2023. There's concern that negative effects from the recent stresses witnessed in the banking system will eventually ripple through the US economy in the form of higher borrowing costs for companies and generally tighter financial conditions. Complacency has crept into investors' psyche when it comes to equities, and we may have seen a bear market rally during the first quarter of the year. For a sustained equity...
To continue reading this article...
Join Investment Week
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes