Multi-asset teams sentiment indicator: Clouds lift but caution remains in Q1

Scopic Quarterly Sentiment Indicator in Q1 2023

Scopic Research regularly monitors multi-asset teams' sentiments towards prospects for different growth, defensive, and diversifying-type assets on a 12-month view. Investment Week has joined with Scopic to share the results in a new quarterly article. Here, Paul Ilott, managing director of Scopic Research, summarises the findings for this quarter.

Clouds are starting to lift but the global economy continues to face challenging conditions. Markets are likely to continue being heavily influenced by expectations for interest rates and the likely actions of central banks for some time. Multi-asset teams have sought to look through the recent rally in markets at the start of the year and the outlook remains cautious for most risk assets.  Positive sentiment towards UK equities, Asia Pacific equities, long dated government bonds, gold and hedge / absolute return The UK remains the preferred equity market on the back of a w...