Insights

Global Wealth Investment Playbook

  • 5 minute read

In her role as Chief Investment Strategist for global wealth, Paula Campbell Roberts will share key investment themes each quarter. After a dismal 2022, the 60/40 portfolio performed well in 2023. The Q1 2024 Global Wealth Investment Playbook explores our belief that there is higher inflation bias in the system upheld by tectonic shifts like the energy transition, labor shortages and demographic challenges, investment in AI, and increased competition between nations.  Increased inflation volatility and higher rates underpin our view for lower returns in public equity markets over the next 5 years. Against that backdrop, we believe private market Alternatives may become even more critical to help hedge against inflation, reduce volatility, and increase diversification.

You can explore and download highlights from this quarter’s Global Wealth Investment Playbook below. You can also subscribe  to receive the latest highlights in your inbox each quarter.

HIGHLIGHT #1
Four tectonic shifts

We believe the pandemic has catalyzed four tectonic shifts that have profound implications for investing

HIGHLIGHT #2
The new investing environment

The new investing environment consists of a new macro regime, implications for asset allocation, and opportunities in real assets

HIGHLIGHT #3
Correlations likely to remain high 

Going forward, traditional asset classes may be insufficient to achieve return goals

HIGHLIGHT #4
Volatility has contributed to uncertainty 

Relative to the traditional 60/40 Portfolio, investors can tilt asset class exposure to achieve objectives

HIGHLIGHT #5
A historical year for public policy

Alternative Asset Classes Have Historically Helped Investors Generate Income, Preserve Capital, And Boost Returns

HIGHLIGHT #6
The increasing importance of alternatives 

Now may be the opportune time as leaning into dislocation has served investors well historically

HIGHLIGHT #7
Portfolio tilts to achieve investor objectives 

Determining the right entry point is important. Valuations for alternatives have reset more than Large Cap Equities, which has created opportunities.

HIGHLIGHT #8
Alternatives enhanced framework for wealth 

Determining the right entry point is important. Valuations for alternatives have reset more than Large Cap Equities, which has created opportunities.

HIGHLIGHT #9
The opportunity cost of missing out

Determining the right entry point is important. Valuations for alternatives have reset more than Large Cap Equities, which has created opportunities.

HIGHLIGHT #10
Not ‘your grandpa’s infrastructure’ 

Determining the right entry point is important. Valuations for alternatives have reset more than Large Cap Equities, which has created opportunities.

HIGHLIGHT #11
Opportunities in private credit 

Determining the right entry point is important. Valuations for alternatives have reset more than Large Cap Equities, which has created opportunities.

HIGHLIGHT #12
Higher rate refinancing & real estate  

Determining the right entry point is important. Valuations for alternatives have reset more than Large Cap Equities, which has created opportunities.

HIGHLIGHT #13
Decomposition of private equity returns 

Determining the right entry point is important. Valuations for alternatives have reset more than Large Cap Equities, which has created opportunities.

HIGHLIGHT #14
The right entry point is important 

Determining the right entry point is important. Valuations for alternatives have reset more than Large Cap Equities, which has created opportunities.