The text focuses on exclusion lists, which help investors align their portfolios with their values, and the hidden tracking error they can cause. Recent broad energy exclusions due to climate concerns have introduced noticeable tracking error impacts, presenting challenges for
Callan recently made substantial adjustments to their 2023 Capital Markets Assumptions, prompted by the historic rise in bond yields that began in March 2022. The changes include an increase in cash returns from 1.2% to 2.75% and core fixed income
The main theme of the text is the challenging investment landscape characterized by banking sector turmoil, inflation pressures, and an uncertain interest rate environment. This uncertainty is causing market volatility and creating a holding pattern for investors. The author's investment
This text introduces Sellwood Consulting's 2023 Capital Market Assumptions, which provide forward-looking insights for constructing portfolios with a long-term horizon. The assumptions are based on principles like using different methods to estimate return and risk, incorporating current valuations, and focusing
This text discusses the European housing market and its challenges, including tightening financing conditions, weakened credit demand, low consumer confidence, and supply constraints. The shift to variable-rate mortgages indicates borrowers' expectations of improved financing conditions but also reflects continued interest-rate
