Market GPS

Portfolio Manager Outlooks

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

2023 Investment Outlook hero map


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.

Staying focused on free cash flow in 2023

Why equity investors should look for companies with strong free cash flows and earnings visibility in the new year.

Fixed Income

Short-duration bonds in 2023: Staying cautious amid uncertainty

Bond investors should manage their expectations about how long policymakers are willing to endure high interest rates.

Floating rate assets

Multi-asset credit: a year of two halves

2023 could be a tale of two halves as the economic reality of recession sinks in. Where should investors look for opportunities?

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.

Alternatives and Multi-Asset

Alternatives review of 2022 and outlook for 2023

Is there a simple route to adjust a portfolio’s exposure to interest rates and equity market gyrations in 2023? James de Bunsen explores.

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.

Options prices signal stronger capital markets in 2023

In this video, Ash Alankar explains that signals imbedded in forward-looking options markets indicate easing inflation creating a favorable environment for global equities and bonds in 2023.