2025 Investment Outlook: Bright spots in a world of anomalies
2025 Investment Outlook: Bright spots in a world of anomalies
Friday 15 November 2024
Investment Talks
2025 Investment Outlook: Bright spots in a world of anomalies
November 2024 | We are in an unconventional economic cycle phase characterized by a positive outlook alongside anomalies like market concentration and excessive debt levels. While global macro liquidity supports riskier assets, growing policy uncertainty and geopolitical tensions highlight the need for greater diversification. Escalating geopolitical tensions, increased economic frictions, and ongoing conflicts will require companies to form new partnerships and relocate their operations to mitigate risks. From a fixed income perspective, the gradual return to neutral monetary policies may emphasize bonds' income-generating function, with relatively higher yields compared to the past. We see appealing opportunities in investment grade and short maturity high-yield credit.
01 | We expect the global economy to soften in 2025, with the US economy moderating due to cooling domestic demand and labor market conditions.
02 | We believe identifying the opportunities created by policy choices and geopolitical shifts will be as important as safeguarding against the risks they entail.
03 | In response to this fragmented environment, investors can broaden their exposure to equities beyond US mega-cap stocks, look for income across liquid and illiquid assets, and implement hedges.
Unless otherwise stated, all information contained in this document is from Amundi Asset Management as of November 12, 2024 . Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product or service. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not indicative of future results. Amundi US is the US business of Amundi Asset Management.
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