Samir Saadi, Multi-Asset Portfolio Manager of CPR AM explains that he started the year heavily invested in equities to capture the good momentum of this beginning of the year. Convinced that the year would be special, CPR AM introduced optional hedging positions...
CPR AM favored sectors such as value, European banking and energy, and maintained its preference for developed markets with good vaccination coverage. At the bond level, the management company maintained its short positions on US long rates...
2021 was a year of booming markets which were in danger of overheating before the Omicron Covid-19 variant came along. A profit boom on both sides of the Atlantic has supported equity markets, with the US looking exceptionally strong in the fourth quarter.
If the CPR AM experts remain globally confident about the global economy in 2022, they nevertheless believe that the overall visibility on the markets has weakened. As a result, they tactically reduced their equity exposure, in particular through the addition of option strategies ...
UBS, the world's leading global wealth manager, is expecting a year of discovery that will reveal what a new “normal” looks like, after two years marked by lockdown and reopening. 2022 is expected to be ‘a year of two halves', with high rates of economic growth and inflation in the first half, giving way to lower growth and inflation in the second...