Persistently high inflation in 2023 meant that global central bank pivots (or pauses) failed to arrive as quickly as market hoped. As a result, hesitant investors are reluctant to enter the market, with many sitting on the sidelines, holding cash rather than staying invested.
Going into 2024, how should market participants recalibrate their expectations and remain invested as global central bank rate paths may shift? What resilient solutions could investors hold to manage their wealth and look beyond this “yet-to-be-defined” economic cycle?
The global growth picture remains uncertain despite displays of resilience in parts of the world. We’ve identified three key themes that could influence the way we think about asset allocation in the coming months.