Market GPS

Portfolio Manager Outlooks

Navigate the risks and opportunities ahead with our 2023 portfolio manager outlooks.

2023 Investment Outlook hero map


Evaluating US growth equities in a market that remains murky

In his 2023 investment outlook, Doug Rao discusses pursuing durable US growth in a market that remains in flux.

A focus on rational expectations key for technology stocks

A discussion on valuations, growth expectations for 2023 and how technology can address some of the world’s major challenges.

2023 outlook: a comeback year for European equities?

John Bennett explains why 2023 might be an opportune time to get into European equities.

Fixed Income

Emerging markets debt Sri Lankan fishermen

Emerging markets debt: a silver lining to the global slowdown?

Could a shift in the US hiking cycle spell a brighter outlook for hard currency emerging market debt? The Emerging Markets Debt Hard Currency team explores.

High quality bonds are primed to bloom in 2023

The titan arum only flowers occasionally, but when it does, the results are impressive; high quality bonds could be set for a similar display in 2023.

The inverted yield curve: Making the case for fixed income in 2023?

In their 2023 outlook, Seth Meyer and John Lloyd look at the historical impact of an inverted yield curve on fixed income returns.

High yield bonds: 2023 is a year for core strength

Tom Ross explains that while high yield bond investors may need some inner strength to get past peak fear, 2023 may prove manageable if the economic downturn is shallow.

Alternatives and Multi-Asset

The forecasters were right

Just how good an indicator of future performance are earnings predictions?

Multi-asset outlook for 2023 – light at the end of the tunnel

With most of the bad news seemingly already priced in on the interest rate front, Paul O’Connor explores whether markets will deliver positive returns for investors in 2023.

Bridge into mist

Absolute return: ready for uncertainty in 2023

In this video, Luke Newman discusses the prospects for absolute return in 2023 following a truly challenging year for global markets, marked by inflationary pressures, rising rates and slowing growth.

Alternatives Investment Outlook: The scale of change demands a different mindset

Explore the opportunity for alternatives investing following a year that tested the resilience of traditional strategies built around ‘core’ asset classes.