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Will spiking bonds yields disrupt the rally in stocks?

Published Jan 19, 2022

• Market expectations for interest rate moves have changed materially • Other policy measures are also being discounted • The shift to value will be helped by higher rates • Low duration fixed income is still the place to be, with patience required in the near term We are through the first fortnight of 2022…

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GCIO Annual Outlook: Navigating Transition 2022

Published Jan 18, 2022

As we wave farewell to 2021, we pause briefly to reflect on what will shape markets and investment strategy in 2022 and beyond. Inevitably, the effects of the global pandemic will still be with us for a long time, but there is more to the future than that. Global central banks will deal with rising…

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Risk Markets on Alert as Rates Spike

Published Jan 11, 2022

• 2022 has started with markets on the backfoot • Technology stocks have retreated as bond yields have crossed last year’s high • The Fed has signalled that it will take inflation threats seriously • Labour market conditions are getting tighter The year just gone by will be remembered not just for the ravages of…

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2021- Looking in the Rear-View Mirror

Published Jan 5, 2022

In contrast to previous years, the total returns on global equities and bonds were quite divergent in 2021. While equities returned a strong +21.8%, global bonds nursed losses of 4.7%. Equity returns were led by the S&P500, which gave a total return of 28.7% including dividends reinvested. The 28.7% annual return was sharply above the…

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