Insights

Risks are rising: the Fed must thread a narrowing needle-eye to stop inflation without causing a recession. We’ve lightened equity positioning and reduced risk within fixed income segments of portfolios.

These are the six major themes influencing positioning across our fixed income portfolios for the second half of 2022.

Now that yields have reset higher, bonds are positioned to protect portfolios while delivering higher income.

As investors grapple with a new era of macroeconomic uncertainty, liquidity is king in the near term.

Knowing the stakes, the Fed is likely to keep surprises to a minimum.

Despite our view that a U.S. economic contraction is avoidable in the near term, the outlook for equities has deteriorated since the beginning of the year and we think this sour spot is likely to last as monetary policy becomes tighter.

Russia’s energy tentacles, intertwined throughout Europe’s power network, may prove difficult to excise.

In the wake of Russia’s invasion, social factors such as energy supply security, consumer protection and responsible sourcing demonstrate the importance of an inclusionary ESG approach.

The U.S. Federal Reserve met expectations and increased interest rates by 25 basis points.

While it might seem better to focus on current so-called ESG leaders, we believe there is untapped value in the underappreciated ESG improvers.