Guardians of the economy: global outlook

lowenthal-stefan

Stefan Löwenthal

  • Chief Investment Officer — Global Multi Asset Team
  • Read bio
wurzer-juergen

Jürgen Wurzer

  • Deputy Head of Portfolio Management, Senior Investment Manager — Global Multi Asset Team
  • Read bio

Some of the key drivers for global markets in 2019 may remain the most significant factors to shape the 2020 investment year, in the view of the Macquarie Global Multi-Asset team. These drivers include global central banks, the state of the global economy, and geopolitics. In their latest outlook, “Guardians of the economy,” the Global Multi-Asset team examines these forces and discusses its conclusion that central banks will have to continue their roles as guardians of the economy.

Read the paper

[1050643]

The views expressed represent the investment team’s assessment of the market environment as of January 2020, and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice. Views are subject to change without notice.

IMPORTANT RISK CONSIDERATIONS

Investing involves risk, including the possible loss of principal.

Past performance does not guarantee future results.

Diversification may not protect against market risk.

International investments entail risks including fluctuation in currency values, differences in accounting principles, or economic or political instability in other nations.

Investing in emerging markets can be riskier than investing in established foreign markets due to increased volatility and lower trading volume.

Fixed income securities and bond funds can lose value, and investors can lose principal as interest rates rise. They also may be affected by economic conditions that hinder an issuer’s ability to make interest and principal payments on its debt. Investments may also be subject to prepayment risk, the risk that the principal of a bond that is held by a portfolio will be prepaid prior to maturity, at the time when interest rates are lower than what the bond is paying. A portfolio may then have to reinvest that money at a lower interest rate.