Markets have struggled and we’re flirting with recession. How should investors position for the future?
We don’t expect the slowdown in economies to result in a deep global recession.
A repeat of the big increases in bond yields we saw in the first half of the year is unlikely. In this environment, higher quality credit is more attractive.
- Despite increasing pressures on profitability, we're constructive around equities as we go into the second half of 2022. However, being very selective is key given the uncertainty around recession.