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PORTFOLIO PERSPECTIVES | PODCAST – 11:17 MIN

Talking heads – Full valuations make 2022 a challenging year

Daniel Morris
By MAYA BHANDARI, DANIEL MORRIS 10.01.2022

In this article:

    The set-up for financial markets is more challenging in 2022, especially for core government bonds and fully valued equities, given the prospect of higher interest rates. In our new Talking heads podcast, Maya Bhandari speaks with chief market strategist Daniel Morris about her analysis of what this means for asset allocation.  

    BNP Paribas Asset Management’s global head of multi-assets foresees above-trend economic growth with inflation peaking around the summer and fair, but less heady, corporate earnings growth.

    Asset valuations are, however, generally rich in the wake of the ‘everything rally’ in 2021. Maya discusses how her multi-asset team is positioning portfolios in this environment.

    Listen to the Talking heads podcast with Maya Bhandari, global head of multi-assets, and Daniel Morris, chief market strategist.

    Formerly known as ‘Market weekly’, our Talking heads brings investors the in-depth insights on topics that really matter to them, analysis of the world and markets through the lens of sustainability and more great conversations with investment experts.

    Disclaimer

    Please note that articles may contain technical language. For this reason, they may not be suitable for readers without professional investment experience. Any views expressed here are those of the author as of the date of publication, are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may take different investment decisions for different clients. This document does not constitute investment advice. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay. Past performance is no guarantee for future returns. Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions). Some emerging markets offer less security than the majority of international developed markets. For this reason, services for portfolio transactions, liquidation and conservation on behalf of funds invested in emerging markets may carry greater risk.

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