Taking advantage of a potential 'multi-year tailwind' for real assets

Many investors have come to rely on asset allocations modelled on the old economic order: decades of globalisation, falling inflation, slowing economic growth and declining interest rates.

The old order is transitioning and the global macro environment is now clearly moving in favour of real assets. Economic growth, employment and inflation readings are on the rise and could accelerate if tax reforms, deregulation and fiscal stimulus are enacted. After a long period of low inflation, the transition to a new market regime of higher inflation risk represents a potential multi-year tailwind for real assets. We focus on the 'core four' real assets categories: global real estate securities, commodities, global natural resource equities and global listed infrastructure. ...