The Big Picture 2023 Outlook

Invesco
By November 28, 2022 16:50

The Big Picture 2023 Outlook

Given our view that 2023 will be a year of transition from a contraction regime to one of recovery, we reduce the defensiveness of our Model Asset Allocation, while keeping some powder dry for when recovery is confirmed. We are reducing the government bond allocation to Neutral, while increasing the allocation to high yield (to Overweight). We also reduce the cash allocation to zero, replacing it as diversifier of choice with an Overweight allocation to gold. From a regional perspective EM and US are preferred. 

Invesco
By November 28, 2022 16:50

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