Reviews & outlooks

In the latest Global Market Outlook, our specialist team for quantitative investing and active risk premium management explains what the models are signaling while investors focus on the pandemic and monetary policy.

Many of us would welcome some respite around the holidays, but the financial markets aren’t exactly at ease going into 2022. Four Vontobel investment experts debate the options across fixed income and equities and lift the veil on how investors can manage risks and find opportunities in the year ahead.

TwentyFour Asset Management CEO, Mark Holman, looks at five big questions hanging over fixed income as investors look ahead to 2022.

With 2022 expected to be a more challenging year for markets, in his annual outlook TwentyFour Asset Management CEO Mark Holman explains how he believes investors can avoid some big macro headwinds and still target “sensible fixed income-like returns” next year.

In the latest Global Market Outlook, our specialist team for quantitative investing and active risk premium management explains what the models signal while the pandemic and inflation are dampening growth expectations.

Carlos de Sousa looks forward to EM high-yield and local-currency bonds performing well in 2022. China’s economic slowdown and real estate woes are a concern, but Carlos believes they will be resolved early in in the new year.

Santa will hardly fill our stockings with coal, originally used for heating around Christmas. The black stuff, later a signifier of children’s naughtiness, today is a toxic item best avoided. While we need a decarb diet after the industrial era’s greasy meals, we shouldn’t be too ambitious with our New Year’s resolutions.

Market sentiment reflects growth that will continue at past levels, yet economies and businesses globally are facing stiff headwinds – high government debt, rising inflation, and supply chain bottlenecks. As markets shrug off risks, expect volatility and a divergence in company performance in 2022.

For 2022, inflation is not a worry for Head of Corporate Credit, Mondher Bettaieb, which should result in good carry for corporate bond investors. In his outlook for the coming year, Mondher highlights why he prefers bank AT1s and European periphery bonds