MARKET GPS

2022 Investment Outlook:
A NEW BALANCING ACT

Market GPS helps investors chart a course for 2022. Watch the video summary, explore three focused outlooks and read our latest portfolio manager views.

MARKET GPS

2022 Investment Outlook:
A NEW BALANCING ACT

Market GPS helps investors chart a course for 2022. Watch the video summary, explore three focused outlooks and read our latest portfolio manager views.

Equities: Can the cycle roll on?

Why the stock market cycle could continue in 2022, despite inflation pressures, slower growth rates and tighter monetary policy.

Market GPS 2022 Equities

5.5 years

Today’s stock market cycle started in 2020. Historically, equity cycles average more than five years1.

Headwinds_Equities

The post-pandemic recovery is up against inflation, rising rates and slowing growth. Can it survive?

Market GPS 2022 Globe Growth

We think it can, and that stock investors should be positioned for the early part of the cycle in 2022.

Fixed Income: The last hurrah

The lagged impact of policy stimulus should initially drive earnings and inflation, but as 2022 progresses a more familiar picture will likely emerge.

Market GPS 2022 gears set

The inflation debate is dominating markets, but three key factors should determine its direction.

1 or 14

Markets anticipate a US rate hike within a month of ending tapering2. Last time it took 14 months. Is either realistic?

TugofWar_FixedIncome

We expect the tug of war between policy inflection and income demand to result in a manageable rise in bond yields.

Market GPS 2022 Fixed Income 2022

ESG: Forks in the road

2022 will be pivotal for environmental, social and governance (ESG) investing but there are key questions the industry needs to navigate to deliver hoped-for outcomes.

Market GPS 2022 - ESG
Environment_MagnifyingGlass_Research_L1_150px

Investors will demand evidence of ESG commitments. What should they look for from asset managers?

29%

Capital markets may be helping drive environmental change, but do all board directors have the necessary ESG expertise3?

Communication_Megaphone_L1_150px

We believe open debate on ESG investing, including the ability to flag what could go wrong, is critical.

Portfolio Manager Outlooks

Read our portfolio managers’ 2022 outlooks as they are published and stay informed on key market themes for the year ahead.

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