Grabbing the wheel: putting money to work

Managing macro risk

The macro outlook is more uncertain. Exposures to macro risk can be punished as well as rewarded, so we think investors should be deliberate about which exposures they take.

Steering portfolio outcomes

We believe the new regime rewards an active approach to portfolios. We don’t see one-and-done strategies working as in the past.

Harnessing mega forces

Mega forces are key drivers of the new regime, affecting the long-term growth and inflation outlook and creating shifts in profitability. We see them as a source of return now and far into the future.