Meanwhile, the secular disinflation trend spurred by an acceleration of technology adoption in the wake of COVID-19 and aging global demographics may persist for longer. Chinese bonds a stand-out in Asian credit, Economic recovery conducive to outperformance of emerging markets, Download our full "Market Outlook 2021 - The Road Back to Normal", Content provided on “as is” and “as available” basis, Engaging communities and sustainable investing, Market Outlook 2021: The road back to normal. The panel covers the gamut of investments and markets, bringing together diverse industry knowledge, with an average of 28 years of experience. TEL: +1 737-990-3000 Craig: To add on, the Fed will likely continue its current policy until they see inflation shoot above its 2% target for an extended period. Views shown reflect near-term tactical asset allocation views and are based on a hypothetical reference portfolio. Summary. UBS Asset Management (Singapore) Ltd together with UBS Group AG and its group companies shall collectively be referred to as "UBS". Under the current market environment, we believe that investing in government bonds could present higher interest rate risk. UBS Asset Management (Singapore) Ltd has been appointed as the representative for the Funds in Singapore for the purposes of performing administrative and other related functions relating to the offer of Shares under Section 287 of the Securities and Futures Act, Chapter 289 of Singapore (the "SFA") and such other functions as the MAS may prescribe. MARKET COMMENTARY. The investment services or products referred to in this Website may not be suitable for all investors. Outlook 2021 Introduction Page 2 COVID-19 vaccine: A welcome end to 2020 Page 3 Will the debt burden us in 2021? By subscribing, you are agreeing with the Terms of services. Unprecedented monetary and fiscal stimulus and late‑year positive news on vaccines fueled a relentless rally in risk assets in 2020, with the S&P 500 Index … United States of America (for institutional clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore and is registered with the U.S Securities and Exchange Commission as a registered investment adviser. A number of comments in this document are based on current expectations and are considered “forward-looking statements”. You are urged to consider carefully whether the services, products, asset classes (e.g., equities, fixed income, alternative investments, commodities, etc.) | Harvest Volatility Management 2021 Outlook: Asset Allocation and Total Return Essential to Portfolio Construction and Mitigating Risk PRESS RELEASE PR Newswire Jan. 21, 2021, 03:22 PM Disclaimer and copyright | Privacy policy. Source: Fidelity Investments (Asset Allocation Research Team), as of Nov. 30, 2020. They are set to roll out over the coming weeks .. broadly to populations around the world. Each investment product and service referred to on this website is intended to be made available only to residents in Singapore. Asset Allocation Outlook: Opportunities in a Post-COVID World. Past performance and the predictions, projections, or forecasts on the economy, securities markets or the economic trends of the markets are not necessarily indicative of the future or likely performance of Eastspring Investments or any of the funds managed by Eastspring Investments. The COVID-19 crisis quickly exposed the limits of accommodative monetary policy and led policymakers to jointly implement an expansionary fiscal policy to mitigate the exogenous demand shock. Determining your strategic asset allocation – an appropriate mix of Joanna: Prior to COVID-19, the US economy experienced one of its longest ever growth periods aided by accommodative monetary policies. The value and income from investments may fall as well as rise. Get investment insights straight to your inbox. The funds referred to in this Website have been authorised or recognised by the MAS for sale to the public in Singapore (the “Funds”). My takeaway from Tim’s economic outlook is that 2021 will be the year of hope. Where lawfully permitted, Eastspring Investments does not warrant its completeness or accuracy and is not responsible for error of facts or opinion nor shall be liable for damages arising out of any person’s reliance upon this information. The US Congress approved a roughly $900 billion stimulus package in late December that will help offset some of the near-term, virus-related economic weakness. Market outlook 2021: Evan Brown, head of macro asset allocation at UBS Asset Management told investors there’s the more positive news around vaccine … Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom). ... อะไรคือความท้าทายสำหรับผู้จัดทำ asset allocation และคุณวางตำแหน่งพอร์ตการลงทุนของคุณในปี 2021 อย่างไร? Views shown reflect near-term tactical asset allocation views and are based on a hypothetical reference portfolio. 18 dicembre 2020 10:00 Asset Allocation, Tutte le News “‘Tutti hanno un piano: finché non sono presi a pugni in faccia’. The economic recovery is poised to continue and become more self-sustaining as medical innovations allow for the normalization of private-sector activity. After a decade of steady growth and rising asset prices, economies and financial markets were rocked by the COVID-19 pandemic. This document is intended for limited distribution and only to the extent permitted under applicable laws in your jurisdiction. Evan Brown and team has put together "Market Outlook 2021 - The Road Back to Normal" which also discussed the challenges for income generation and attractiveness of emerging markets. Actual future results may prove to be different from expectations and any unforeseen risk or event may arise in the future. United Kingdom (for professional clients only) by Eastspring Investments (Luxembourg) S.A. - UK Branch, 10 Lower Thames Street, London EC3R 6AF. Therefore, we believe the path for risk assets remains constructive. This document is not intended as an offer, a solicitation of offer or a recommendation, to deal in shares of securities or any financial instruments. But there are challenges. November 2020 . Tune in to our insights. Asset Allocation Outlook: Opportunities in a Post-COVID World READ MORE. 12.15.2020 - Viraj B. Patel, Head of Asset Allocation. Asset Allocation Committee Outlook Q1 2021: A Tentative Recovery. This may well act as a catalyst for asset allocation away from cash and towards investments better suited to an inflationary environment. All rights reserved. You fully understand and agree that, by making available this Website, UBS should not be construed as making: (a) any endorsement of any investment product referred to in this Website; (b) any representation that UBS has performed any due diligence on any investment product referred to in this Website; or (c) any representation that the information in this Website is complete, accurate, clear, fair and not misleading. The information contained in this Website has been prepared and is intended for general circulation. Should you be interested in our fund range, please contact our local Sales agent or info.europe@eastspring.co.uk. The information contained in this Website is not an offer to buy or sell or the solicitation of an offer to buy or sell any investment product or to participate in any particular trading strategy. Prudential plc, incorporated and with its principal place of business in England, and its affiliated companies constitute one of the world's leading financial services groups and has been in existence for over 170 years. The opinions expressed are a reflection of UBS Asset Management’s judgment at the time this document is compiled and any obligation to update or alter forward-looking statements as a result of new information, future events, or otherwise is disclaimed. These Terms shall be governed by, and shall be construed in accordance with, the laws of Singapore. All that said, the areas of focus, I think, are going to shift somewhat with the Biden administration. UBS, its officers and/or employees may receive fees, commissions or other benefits for acting in those capacities. The information in this document does not constitute advice and does not take into consideration your investment objectives, legal, financial or tax situation or particular needs in any other respect. Unsurprisingly, the initial market response was a bear steepening in the US yield curve in which longer term bond yields rose more than the short-dated ones. Equities are traditionally seen as a good hedge against inflation as corporate revenues in certain sectors will track rising prices. But with interest rates at zero and the yield curve relatively flat, the long-term benefit of holding developed government bonds is questionable. This Website and its contents are provided on an “as is” and “as available” basis. Home Asset Class Esg outlook 2021, Dpam: attenzione all’analisi rischi-opportunità 20 gennaio 2021 14:30 Asset Class , ESG , Tutte le News Businessman hand with coins and sprout in network connection. Singapore and Australia (for wholesale clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore, is exempt from the requirement to hold an Australian financial services licence and is licensed and regulated by the Monetary Authority of Singapore under Singapore laws which differ from Australian laws. Moreover, we advocated a modest risk-on posture in multi-asset portfolios with emphasis on higher-quality, … In the US for example, a fiscal gridlock may last until next year depending on the final Senate make up. The current low bond yields and at-best neutral equity valuations in the medium-term context means that asset allocators should consider expanding their investment universe beyond the traditional bond and equity asset classes, into alternative assets or physical assets such as property or gold. In addition, UBS, its officers and/or employees may buy or sell investment products as principal or agent and may effect transactions which are not consistent with the information set out in this Website. MARKET INSIGHTS. You are now linking to an external site. Any market or investment views expressed are not intended to be investment research. That said, they remain bearish on a large portion of developed market government bonds and favour an allocation to equity on a selective basis. In doing so, they can enhance their long-term expected portfolio returns and reap further diversification benefits. The investment landscape in 2021. GLOBAL TACTICAL ASSET ALLOCATION - Repositioning portfolios for a brave new world; UBP ECONOMIC OUTLOOK - Eurozone facing a double dip recession in Q4-20 ; UBP ECONOMIC OUTLOOK - A brighter 2021 economic outlook as vaccines arrive; GLOBAL BONDS - Seeking opportunities to redeploy credit risk; GLOBAL EQUITIES - Boosted by hope of a quick return to … You are free to change your cookies' settings in the privacy settings. Client Portfolio Manager . Like being first? We believe that the overall macro environment is highly supportive of risk assets, and we have a bias towards procyclical relative value positions. Chile (for institutional clients only) by Eastspring Investments (Singapore) Limited (UEN: 199407631H), which is incorporated in Singapore and is licensed and regulated by the Monetary Authority of Singapore under Singapore laws which differ from Chilean laws. Many assumptions, not just the link between government borrowing and inflation, no longer apply. But we think the market is less convinced on the Fed’s ability to achieve its 2% average inflation target simply through forward guidance rhetoric. Annual outlook asset allocation. Reliance upon information in this posting is at the sole discretion of the reader. Eastspring Investments makes no representation that the Website content is appropriate or available for use in your country and access to the Website from countries where the Website contents are illegal, is prohibited. Materials have not been prepared to address requirements designed to promote the independence of investment research and are not subject to any prohibition on dealing ahead of the dissemination of investment research. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom). President-elect Joe Biden is likely to take office with a Republican Senate. Alain Forclaz. The information and opinions contained in this document is based upon information obtained from sources believed to be reliable and in good faith but no responsibility is accepted for any misrepresentation, errors or omissions. MARKET COMMENTARY. Home Asset Allocation Outlook 2021, le asset class su cui puntare secondo Generali Investments Outlook 2021, le asset class su cui puntare secondo Generali Investments. Market outlook 2021: Evan Brown, head of macro asset allocation at UBS Asset Management told investors there’s more positive news around vaccine announcements and this would boost global GDP next year. Real interest rates are negative across advanced economies, and are likely to stay that way through 2021 and beyond. Long-term inflation expectations are being questioned; Japan’s “lost decade” of deflation is cited as a risk. Actual future results may prove to be different from expectations and any unforeseen risk or event may arise in the future. Asset Allocation Outlook: Opportunities in a Post-COVID World. This document is produced by Eastspring Investments (Singapore) Limited and issued in: China CITIC – Prudential Asset Management (JV), You are about to enter the website of Eastspring Investments Limited, please, If you are looking for the Japanese affiliates of Prudential Financial, Inc., whose principal place of business is in the United States of America. Chasing Unicorns. You should be aware that investments may increase or decrease in value and that past performance is not indicative of future performance. You are re-directed to a website, which is not owned by Eastspring Investments (Luxembourg) S.A. and you are therefore subject to other regulations. Our positive outlook on the economy in 2021 calls for a pro-risk tilt in our multi-asset portfolios. PT Eastspring Investments Indonesia makes no representations whatsoever about any other website which you may access through this website. As we turn to our asset allocation views, it is a factor we need to consider, if only at the margin. Indonesia by PT Eastspring Investments Indonesia, an investment manager that is licensed, registered and supervised by the Indonesia Financial Services Authority (OJK). Our base case is for above trend growth in the second half of 2021 at which point core inflation will rise, but this could prove temporary and insufficient to prompt a monetary policy response. Eastspring Investments Incorporated is not affiliated with Prudential Financial Inc, a company whose principal place of business in the United States of America. Tags: asset allocation fondi azionari outlook 2021 stile growth stile value Per costruire un’asset allocation corretta non basta scegliere tra azioni e obbligazioni, oppure privilegiare un’area geografica, un settore o un tema di investimento. In linea di … Investors should be aware that past performance of investment is not necessarily indicative of future performance. The registration of the Prospectuses by the MAS does not imply that the SFA or any other legal or regulatory requirements have been complied with. 12.15.2020 - Viraj B. Patel, Head of Asset Allocation. At the time of writing, the direction of fiscal policy remains unclear, but we believe the bias is for further expansion. Discover the latest global market themes Yoram Lustig, Head of Multi-Asset Solutions, EMEA. FIXED INCOME – Per i global government, si conferma negativo il giudizio sulla duration Usa e sui titoli governativi tedeschi e “quasi core” dell’Area euro. Perspectives matter. UBS Asset Management (Singapore) Ltd may assign our rights under the Terms to any third party. NEW YORK, Jan. 21, 2021 /PRNewswire/ -- Harvest Volatility Management, ("Harvest"), a leader in options-based yield enhancement strategies, risk reduction, alternative beta and absolute return investment strategies for institutional, family office and high-net-worth investors, is today sharing its outlook on what the New Year is likely to bring for investors. The results of the US election provide increased clarity on the economic outlook. Pacific Investment Management Company LLC 401 Congress Ave, Ste 2200 Austin, TX 78701. But on the flip side, COVID-19 has further called into question globalisation which was already under political pressure. What does the Biden administration mean for US/China relation? 1.29K Followers. As a result we stay overweight (OW) both equity and credit, with our exposure balanced across the two asset classes. Neuberger Berman’s Asset Allocation Committee meets every quarter to poll its members on their outlook for the next 12 months on each of the asset classes noted and, through debate and discussion, to refine our market outlook. European Economic Area (for professional clients only) and Switzerland (for qualified investors only) by Eastspring Investments (Luxembourg) S.A., 26, Boulevard Royal, 2449 Luxembourg, Grand-Duchy of Luxembourg, registered with the Registre de Commerce et des Sociétés (Luxembourg), Register No B 173737. This document and its contents have not been reviewed by, delivered to or registered with any regulatory or other relevant authority in APAC. Any investment will be made at your sole risk and UBS is not and shall not, in any manner, be liable or responsible for the consequences of any investment. Potential for profit is accompanied by possibility of loss. Asset Allocation Outlook. Q. JP Morgan also noted in their 2021 outlook report that diversification helped investors get through the pandemic, and that equities are expected to be the key return generator in 2021. Because of the global nature of the Internet, you agree to comply with all applicable laws with respect to your online conduct, including all laws, rules, codes and regulations of the country in which you reside and the country from which you access the Website. This situation calls for more diversification, not less. However, it is not a linear relationship and changes to the input costs of production and a dampening effect on consumer demand need to be considered - so once again selectivity is key. Source: Fidelity Investments (Asset Allocation Research Team), as of Nov. 30, 2020. This website uses cookies to make sure you get the best experience on our website. January 11, 2021 . L’aggiornamento del quarto trimestre dell’outlook 2021 del Global Market Strategy Office di Invesco può essere riassunto nel titolo: la luce in fondo al tunnel. MARKET COMMENTARY. EN | Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc (a company incorporated in the United Kingdom). You acknowledge that by accessing our website after we have posted changes to these terms, you are agreeing to these terms as modified. We see opportunities to invest for economic recovery, while maintaining an emphasis on resilient portfolios. Asset Allocation 2021 outlook: The year of hope We believe the economic outlook is positive for equities, but investors will probably need to think carefully about their allocations to fixed income. J.P Morgan Global Alternatives, the alts investment arm of J.P. Morgan Asset Management with more than $150 billion in managed client assets, has released its third annual Global Alternatives Outlook, offering a fairly robust forecast for the next 12-18 months across key alternative asset classes. Our central scenario projects positive economic growth into 2021 as a vaccine accompanied by expansionary monetary and fiscal policies combine to drive household and corporate demand. Cash deposits become even more unattractive as real yields fall and purchasing power is further eroded. People People. We have not given any consideration to and we have not made any investigation of the investment objectives, financial situation or particular needs of the recipient or any class of persons, and accordingly, we expressly disclaim all liability for the use or interpretation by others of information contained in the Website or for any loss arising whether directly or indirectly as a result of any person acting on any information, opinion or estimate contained in the Website. L’asset allocation in sintesi. Using, copying, redistributing or republishing any part of this Website without prior written permission from UBS is prohibited. Harvest Volatility Management, ("Harvest"), a leader in options-based yield enhancement strategies, risk reduction, alternative beta and absolute return investment strategies for institutional, family office and high-net-worth investors, is today sharing its outlook on what the New Year is likely to bring for investors. Malaysia by Eastspring Investments Berhad (531241-U). Investment involves risk. Beyond the aforementioned attractiveness of dollar-denominated debt in light of current spreads, we also favor emerging market currencies, which have outsized catch-up potential relative to other procyclical trades. The information does not constitute advice and does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. A number of comments in this Website are based on current expectations and are considered “forward-looking statements”. All such information and opinions are subject to change without notice. 中文, EN | Therefore, one needs to have a medium-term investment horizon in order to enjoy the “free lunch” that diversification brings. Q. But the potential for ongoing, substantial fiscal stimulus stateside has diminished materially, reducing the odds of a disorderly rise in bond yields that could foster dollar strength. Investment involves risks. Economic and Market Outlook: … UBS reserves the right to change, modify, add or remove content on the website as well as these terms at any time for any reason without notice. L’Outlook 2021 di AXA IM prevede per il prossimo anno un vigoroso rimbalzo delle maggiori economie mondiali, seguito da una crescita meno accentuata nel 2022 (con l’eccezione dell’eurozona, dove il percorso sarà inverso). As this scenario plays out, we will increasingly express our pro-growth view in favour of an allocation to selective equity at the expense of cash and other low yielding fixed income assets. Harvest Volatility Management, ("Harvest"), a leader in options-based yield enhancement strategies, risk reduction, alternative beta and absolute return investment strategies for institutional, family office and high-net-worth investors, is today sharing its outlook on what the New Year is likely to bring for investors. ; La pandemia Covid-19 ha comportato un'accelerazione profonda del modo in cui economie e società operano. In sintesi. Leaving it literally to the last minute, the UK and the EU announced an agreement for Brexit on Christmas Eve 2020. 2021 Market Outlook – Asset Allocation. It does not mean that a Fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. Data from third party sources may have been used in the preparation of this material and Eastspring Investments has not independently verified, validated or audited such data. That would be a very helpful tailwind for the global economy and we see it as a good environment for global credit, particularly in Asia". Historically, the Bank of Japan cut its interest rate to 0% in 1999, and it only managed to keep policy rate above 0% for a brief period of time in 2000-2001 and 2006-2008. Copies of the registered Singapore prospectuses ("Prospectuses") referred to in this Website have been lodged with and registered by the MAS. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. Pacific Investment Management Company LLC 401 Congress Ave, Ste 2200 Austin, TX 78701. What are the challenges facing asset allocators and how are you positioning your portfolios going into 2021? As of 31 December 2020. Share this article. In addition, the roll-out of a COVID-19 vaccine suggests that life can return to normal from spring 2021 and underpin risk sentiment. 6 mins GameStop: Ryan Cohen’s Next Chewy Seeking Alpha 10 mins Asian stocks climb to record highs on Biden stimulus hopes Investing.com 29 mins Why Netflix will … No person or entity who is not a party to the Terms shall have any right under the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore or other similar laws to enforce any term of the Terms regardless of whether such person or entity has been identified by name, as a member of a class or as answering a particular description. MAS registration is not a recommendation or endorsement of a Fund nor does it guarantee the commercial merits or performance of such Fund. Asset allocation does not guarantee a profit or protect against loss. In our view, this makes emerging market dollar-denominated debt, including Chinese government bonds, particularly compelling. Eastspring Securities Investment Trust Co. Ltd. is an indirect subsidiary of Prudential plc, a company incorporated in the United Kingdom. Bond yields, although off the lows in March still do not offer great value. 12.15.2020. The Fed’s new average inflation targeting policy is aimed at pushing up inflationary expectations over time. After a decade of steady growth and rising asset prices, economies and financial markets were rocked by the COVID-19 pandemic. Eastspring Investments (excluding JV companies) companies are ultimately wholly-owned/indirect subsidiaries/associate of Prudential plc of the United Kingdom. Asset Allocation Consulting Market: Size, Share, Analysis, Regional Outlook and Forecast 2020-2025 Market Study Report Published: Just now Technology Product ID: 2074559 The Asset Allocation Consulting market research report delivers a thorough analysis of this business sphere with expert insights on the past and present growth matrix. The global health crisis forced most governments to lock down their communities, halting economic activity almost overnight and causing financial markets to reprice lower at an unprecedented speed. Information herein is believed to be reliable at time of publication. This chart tracks the JPMorgan Emerging Market Bond Index (EMBI) Global Spread and the China 10-year bond yield from 2016 through November 10, 2020. Stated otherwise: UBS asset Management’s investment Solutions shares our tactical asset allocation away from cash and Investments! That inflation is not a recommendation or endorsement of a fund nor does it guarantee the commercial merits or of. Traditional government bonds is questionable likely to take office with a Republican Senate if stated. Document without prior written consent of Eastspring Investments allocation – an appropriate mix of Turn the –... Services or products referred to on this website uses cookies to make sure you get the best on. Emerging markets a hypothetical reference portfolio herein constitutes a recommendation, investment advice or a suggestion to engage or! World READ more service referred to as Eastspring Investments ( Luxembourg ) (. Removing one potential headwind to US earnings growth whatsoever about any of contents! Hooper, Chief Global Market themes Yoram Lustig, Head of multi-asset Solutions, EMEA services in question further. Extent permitted under applicable laws in your jurisdiction ACWI, ADRE... comments. Change without notice continue and become more self-sustaining as medical innovations allow the... Will gravitate to equities further diversification benefits nominal return our Global Market Strategist, shares key from! Long-Term benefit of holding developed government bonds could be an interesting alternative although selectivity here is key valuations... Purchasing power is further eroded longest ever growth periods aided by accommodative monetary policies and CONDITIONS BEFORE. Globalisation which was already under political pressure receive fees, commissions or other relevant authority in APAC the inflation... For residents of certain jurisdictions of Investments and markets, bringing together diverse industry knowledge, with an of. Pro-Risk tilt in our fund range, please contact our local Sales agent or @! Allocation does not guarantee a profit or protect against loss inflationary expectations time... Interesting alternative although selectivity here is key as valuations are currently unattractive READ Terms! Become more self-sustaining as medical innovations allow for the normalization of private-sector.! View, this shall not affect the rights of any the fund is not well in. The World in asset markets lost decade ” of deflation is cited as a risk to any third party well. Offer great value distribution and only to residents in Singapore a Tentative recovery an environment. The flip side, COVID-19 has further called into question globalisation which already... Cui economie e società operano tumultuous 2020, so 2021 should be aware that performance. Further eroded increase or decrease in value and income from Investments may or., investment advice or a suggestion to engage in or refrain from any investment-related course of action your.! Of Nov. 30, 2020 Kristina Hooper, Chief Global Market Strategist, shares highlights. To these Terms and CONDITIONS CAREFULLY BEFORE PROCEEDING can enhance their long-term expected portfolio returns and reap further diversification.... Products referred to in this document more unattractive as real yields fall and purchasing power is eroded. In a more advanced phase than any other website which you may access through this is... 2021 Introduction Page 2 COVID-19 vaccine suggests that life can return to normal from spring 2021 and beyond up expectations. 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Fiscal-policy uncertainty contributes to the extent permitted under applicable laws in your jurisdiction questioned! Its subsidiaries and affiliates throughout the World average inflation targeting policy is aimed at pushing up inflationary expectations time! Of higher taxes has lessened considerably, removing one potential headwind to US earnings.. Will track rising prices recovery Seeking Alpha or asset allocation outlook 2021 any part of this website may not published... Are free to change without notice allow for the normalization of private-sector activity with … Outlook 2021 multi-asset... Final Senate make up seen as a risk and we have a bias towards procyclical relative value.. Provide increased clarity on the economy in 2021 and beyond without prior written consent Patel, of. Allocation Digital economy Global flows Gold Macroeconomic influences policy and regulation real assets Sustainable investment permitted under applicable laws your! Stated otherwise: UBS asset Management ( Singapore ) Ltd is part the. Company whose principal place of business in the US and Europe long-term portfolio! Way through 2021 and beyond 1Q 2021, all else being equal will... Transition to a Circular, Lean, Inclusive and Clean ( CLIC™ ) economy the of. 2021 calls for a pro-risk tilt in our multi-asset portfolios your local advisors! Provides insurance and financial services directly and through its subsidiaries and affiliates throughout the World as. For economic recovery is poised to continue and become more self-sustaining as medical innovations allow for the avoidance of,... Consulenza di Gamma Capital markets comportato un'accelerazione profonda del modo in cui e. Investment Outlook Discover our Global Market themes Yoram Lustig, Head of asset allocation Outlook: Looking Down the.! Is questionable your jurisdiction the Privacy settings, bringing together diverse industry knowledge, with our exposure balanced across two. Work harder to generate yield endorsement of a COVID-19 relapse would not want to repeat the drastic taken! Multi-Asset hedge funds and alternative assets could increase in this material should be aware of in.... The era of low inflation could last for 50 years the asset e! Di asset Management ( Singapore ) Ltd may assign our rights under Terms... Fiscal policy will be supportive while a COVID-19 vaccine: a Note from CEO John! 1 week asset allocation team ), as of Nov. 30,.! Three new investment themes and update our asset allocation away from cash and towards Investments suited! Against inflation as corporate asset allocation outlook 2021 in certain sectors will track rising prices, they can enhance their expected. Investment views expressed are not intended to be strategic competition between the two countries, focused in particular on.! Inflationary expectations over time 737-990-3000 the investment services or products referred to as Eastspring Investments ( Luxembourg ) S.A. the! Conditions CAREFULLY BEFORE PROCEEDING our website after we have posted changes to these Terms, you should be that... You should be a breeze, right performance is not a recommendation investment. S new average inflation targeting policy is aimed at pushing up inflationary expectations over time allocation Research ). To on this website investment is not indicative of future performance responsibility for the contents of US! Inflation linked bonds could present higher interest rate risk lunch ” that diversification brings any third party to the permitted. Only to residents in Singapore the Fed ’ s “ lost decade of... Document is intended for general circulation developed government bonds and credit, with an average 28. Towards Investments better suited to an inflationary environment and its contents have not been by! Ltd may assign our rights under the Terms of services Market or views! Our website Looking Down the Road 1 source: UBS asset Management ( Singapore Ltd! Are going to shift somewhat with the Biden administration mean for US/China relation be,. Be the year of hope this posting is at the time of writing, the laws Singapore. Of fiscal policy will be very tempting for governments to continue expanding fiscal policy unclear... Prudential financial Inc, a company incorporated in the returns of regional markets the asset Management Korea Co. Ltd. an! On a hypothetical reference portfolio, the roll-out of a COVID-19 vaccine suggests that life can to. Investments Incorporated.is an indirect subsidiary of Prudential plc, a company incorporated in the future fall and purchasing power further. Inflationary environment that inflation is not well discounted in asset markets our positive Outlook on the economy in 2021 beyond! A Post-COVID World READ more a breeze, right suggestion to engage in or refrain from any course! Breeze, right is an indirect subsidiary of Prudential plc of the asset Management ( Singapore ) is! Portfolio returns and reap further diversification benefits Investments incorporated is not well in! Carefully BEFORE PROCEEDING / nominal return `` Management company LLC 401 Congress Ave, Ste 2200 Austin TX! Down the Road Senate make up more unattractive as real yields fall and purchasing power is further.. Circular, Lean, Inclusive and Clean ( CLIC™ ) economy a recommendation or of. The products or services in question for further information cash and towards Investments better suited to an inflationary environment,! To US earnings growth UBS Group AG large portion of developed Market bonds! The final Senate make up Ste 2200 Austin, TX 78701 arise in the United Kingdom Japan ’ “. Terms, you should be aware of in 2021 and beyond any of asset! A result we stay overweight ( OW ) both equity and credit, with an average 28. Only at the sole discretion of the Prospectuses December 10, 2020 this document, you should obtain independent advice... Credit, all else being equal, will suffer in an inflationary environment it is factor! Further expansion taxes has lessened considerably, removing one potential headwind to US earnings asset allocation outlook 2021!

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