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2023 Global Market Outlook
The Need for Agility
Elevated geopolitical risks, deglobalization, and changing market structures mean investors should be prepared for higher volatility; but agility can be a source of opportunity amid dislocation.
2023 China Market Outlook
We expect China's recovery to pick up. We believe investors should consider adding exposure to a well-balanced portfolio of Chinese stocks for 2023.
2023 Asia ex Japan Market Outlook
We believe that the 2023 outlook for Asia ex Japan equity markets is likely to be more promising and investors should be patient as many of the positive long-term trends of the region remain valid.
Four Themes to Watch in 2023
THEME 1
An Economic Balancing Act
The risk of a global recession in 2023 appears elevated, as developed market central banks hike aggressively into slowing economic growth. However, markets may be overestimating the risk of a deep downturn. Read more...
THEME 2
Leaning Against the Wind
Earnings growth estimates for 2023 have started to fall but are still positive, suggesting negative earnings growth could be the next big issue for equity investors. Read more...
THEME 3
The Return of Yield
Rising rates have pushed yields in select global fixed income sectors to the most attractive levels in decades, which could offer strong return potential in 2023. Read more...
THEME 4
Deglobalisation in a Connected World
We are seeing a paradigm shift in the global economy that will shape the investment landscape for years to come. Read more...
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