Deep Dive: Outlook for broad equity market returns may be muted

Alpha-focused strategies well placed

Robert Donald, CIO for Helix, Schroders, dives into alternatives

It has been a dramatic start to the year for equities, with sizeable pullbacks and rotations across global stockmarkets.  Market multiples appear to be resetting towards a pre-Covid environment but there are other factors at play too.  Restrictions due to the virus are being eased, with a positive knock-on impact to economic activity (certainly in developed markets).  The enormous fiscal support on offer during the pandemic is being withdrawn.  The impact of the pandemic is being felt through higher inflation.  Central banks appear to be behind the curve on inflation.  Risin...