Listed below are the chief tactical observations from key equity and geographic regions around the globe during the second quarter of 2023. Financials typically also fared well, with the exception being in the U.S.ĭrawing on our unique relationship with underlying managers, we’ve compiled the latest insights from specialists across the manager universe into an easy-to-read report. Information technology was again the best-performing sector across most regions, while energy, materials, real estate, and consumer staples generally underperformed. However, the growth and quality factors continued to be rewarded in the U.S., while the value factor outperformed in Emerging Markets, Japan, and Europe. Small Cap, Long/Short, Global, Global ex-U.S., Japan, UK, and Canada managers.Ĭontrary to previous quarters, there was no single style factor that dominated returns across markets, with country and sector positioning being more relevant. On balance, the second quarter of 2023 proved to be a more favorable environment for active managers in Emerging Markets, Europe, Australia, and Real Assets equities, while being more challenging for U.S. Managers also remain cautious on China, due to slowing growth and weak consumer confidence. However, with a mild recession still expected, managers have a preference for companies with resilient balance sheets and strong business models that can weather the current challenging environment, where cost pressures are impacting margins and investments. debt ceiling, retreating concerns related to systemic risks in the wake of the collapse of Silicon Valley Bank ( OTCPK:SIVBQ ) and Credit Suisse, and continued excitement around artificial intelligence (AI) are adding to the positive momentum. In addition, the agreement on raising the U.S. Investors have been encouraged by the ongoing deceleration in inflation rates around the globe, as well as by expectations that policy rates are near peak levels. 26, 2023 10:39 PM ET ACTV, AFMC, AFSM, ARKK, AVUV, BAPR, IVOO, IVOV, IVV, IVW, IWC, IWM, IWN, IWO, IWP, IWR, IWS, IYY, QQQ, SPLV, SPMD, SPMO, SPMV, SPSM, SPUS, SPUU, SPVM, SPVU, SPXE, SPXL, SPXN, SPXS, SPXT, SPXU, SPXV, SPY, SPYD, SPYG, SPYV, SPYX, SQEW, SQLV, SSPY, STLV, SVAL, SYLD, TMDV, TPHD, TPLC, TPSC, UAUG, UJAN, UMAR, UMAY, UOCT, UPRO, USMC, USMF, USVM, DIA, ACSI, ACVF, AESR, AFLG, ARMR, AVUS, APRT, JANT, JULT, OCTT, APRW, JANW, JULW, OCTW, BBUS, BIBL, BKLC, BMAR, BMAY, BUZZ, BWV, BWVTF, CATH, CFA, CFO, CHGX, CSM, DBJA, DBOC, DEF, DEMZ, DFAU, DGRW, DSI, DSJA, DSOC, DSTL, DUSA, DVOL, DYNF, EFIV, EGIS, EPS, EQL, EQWL, ESG, ESGA, ESGU, ESGV, ESGY, ESGN, EUSA, FCPI, FCTR, FDLO, FDWM, FEX, FFSG, FLLV, FLQL, FLRG, FMIL, FQAL, FSST, FTCS, GSEW, GSLC, GSPY, GSUS, HKND, HLAL, HUSV, IDIV, ILCB, IQSU, ITAN, ITOT, IWB, IWD, IWF, IWL, IWV, JCTR, JHML, JOET, JPUS, JQUA, JUSA, JUST, KRMA, LCTU, LFEQ, LGH, LGLV, LSAF, LVOL, LYFE, MBCC, MFUS, MGC, MOAT, NACP, NAPR, NTSX, NULC, OEF, OMFL, ONOF, OPPX, OVL, OVLH, PALC, PBUS, PLRG, PSCJ, PSCW, PSCX, PSET, PSFD, PSFF, PSFJ, PSFM, PSMD, PSMJ, PSMR, PTLC, QARP, QLV, QQQA, QUAL, QUS, QVML, QYLG, RECS, RESP, RFDA 1 LikeĪs inflation continues to subside, is investor sentiment turning more positive?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |