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    The investment landscape for 2023

    The investment landscape for 2023

    09 February 2023 Global macro, Video

    Harvey Bradley, Portfolio Manager

    Key takeaways 

    • Although inflation has likely peaked in the short term, we believe the era of stubbornly low inflation that has characterised recent decades has come to an end.

    • With inflation peaking, markets have shifted to price in rate cuts later in 2023 – we would disagree with this view.

    • The inversion in most yield curves leaves us cautious on longer-maturity issues until there is greater reason to expect meaningful rate cuts.

    • Market volatility is likely to remain high, bringing more dislocations but also potentially opportunities, especially for active investors.

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