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Investment Monthly - March 2022

The current geopolitical situation signals a defensive asset allocation is appropriate. A defensive allocation today means a selective approach.
01 March 2022
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    Key takeaways:

    • The current geopolitical situation indicates a defensive asset allocation is appropriate. But we want to stay invested. And we would caution against going to cash amid current high inflation
    • We should brace for continued market volatility, be realistic about investment market returns, and focus on the long-run
    • Historically, markets have traditionally rebounded quickly from geopolitical shocks. And we continue to monitor developments closely
    • A defensive allocation today means a selective approach, it does not mean reducing equity exposures. We focus on regional and style allocations in equities (e.g. value and quality factors), income strategies in fixed income (e.g. Asia fixed income, some parts of global credit), inflation protection and “real” strategies (e.g. commodities, infrastructure), and parts of Emerging Markets (EM) ex Europe (e.g. opportunities in China and Latam)