Despite these being very difficult and unclear markets, we believe that patience and observance is the key to generating long term performance. While we can’t predict exactly when or how impactful recessions may be, there are signs that developed market economies will see some growth slowdown. A return to fundamentals means that forgotten or unloved companies and regions could now have the ability to stand out relative to the overhyped US tech giants, and investors are no longer forced buyers of bonds at dangerously low (or negative) yields. Read more about how we are positioning in value regions, stocks and asset clases.
