Midway into 2022 hopes for a year of diminished economic uncertainty and geopolitical tension remain misplaced.
A poor outlook for growth, rising interest rates and stubbornly high inflation have caused global equity markets to drop precipitously, while bonds, historically one of the key diversifiers to equities, have suffered the greatest downturn in decades. Investors reliant on the conventional playbook - equities for growth and bonds for diversification - have found themselves wrongfooted. This does not sound the death knell of the traditional 60/40 style mandate, but it does suggest investors seeking diversification and attractive real returns must look beyond equities and bonds. Investors...
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