Changing the rules of the game

For this week's highlighted reading we wanted to share the latest insights provided to us by our research partner, Fund Evaluation Group (FEG). The slide deck is 42 pages long but packed with easily digestible primers and pulse checks on nearly all segments of the markets - some presenting as challenges and others presenting as opportunities. As you will uncover in your reading, investors are awash with opportunities in 2023 as valuations in many asset classes have reset meaningfully. However, elevated risks are still present so patience and a focus on capital preservation should remain forefront into the new year. 

Manager Survey

Four Hundred portfolio managers attending Goldman Sachs' 2023 Global Strategy Conference were surveyed on their opinion of the best performing asset class in the year ahead. Relative to 2022, PM confidence in fixed income has risen the most, particularly for corporate bonds as higher yields, more attractive coupons, and an expectation for less interest rate volatility may continue to support portfolio asset rotations back into bonds in 2023. Predictions such as these should always be taken with a grain of salt, however the survey does provide meaningful insight into current sentiment and positioning.

What Else We're Reading

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