The first cut is the deepest

The first cut is the deepest

Multi-Asset Team

By Multi-Asset Team

14 March 2024

Executive Summary:

In their latest quarterly outlook, the Global Multi-Asset team discusses investment opportunities in a changing landscape of central bank policy. While 2023 saw the broad lift-off of artificial intelligence combined with a sudden year-end decline in interest rates, 2024 appears to be continuing in the same direction for mega-technology equities.

In this paper, the Global Multi-Asset team shares insights on:

  • Risks that could derail the new market narrative of a “soft landing”
  • How central bank policy could play out in the year ahead
  • Which macroeconomic scenarios are likely to unfold and how this will affect various markets
  • Asset class implications and which investments appear most attractive

IMPORTANT RISK CONSIDERATIONS

Investing involves risk, including the possible loss of principal.

Past performance does not guarantee future results.

Diversification may not protect against market risk.