Short-term tactical outlook

A snapshot of current views on equity, fixed-income and alternative asset classes — updated monthly to help you tactically adjust for opportunities and risks.

Overall positions

overall positions

Key Takeaways
  • Equity momentum is strong and volatility measures have been on the decline. However, valuations continue to look less attractive.
  • We expect a modest rise in interest rates in the short term. Inflation-linked bonds appear to be an attractive area to take fixed-income risk.
  • Diversification continues to be a stronger theme in 2019. Alternatives can provide a good complement to traditional asset classes.

Within equities


Within fixed income


Within alternatives

within alternatives