What’s covered
After a rebound in most financial markets in the first half of 2023, our investment specialists from SLC Management, BentallGreenOak, InfraRed and Crescent Capital look to what could be ahead for the global economy, and for traditional and alternative investments.
A letter from Steve Peacher
Macroeconomic outlook:
Major central banks are facing the challenge of moderating inflation without igniting a severe recession.
Fixed income: investment grade:
Robust economic indicators may have shifted policy expectations from the Bank of Canada.
Fixed income: below investment grade:
Examining the effect of past changes in policy direction of the U.S. Federal Reserve on high yield and bank loan assets.
Private credit: investment grade:
Continued resilience in private credit could yield attractive investment opportunities for investors with a long-term horizon.
Private credit: below investment grade:
A potential pickup in merger-and-acquisition volumes could lead to increased private credit-fueled buyouts and refinancings.
Real estate:
Canadian housing market may be key to whether or not the domestic economy gets a soft landing.
Infrastructure:
An increased focus on monetary policy, sustainability issues and general demand drivers could serve as catalysts for infrastructure investments.
Insurance asset management:
Yield increases have shifted insurer asset allocations toward fixed income.
Retirement plan solutions:
Increasing fixed income diversification has become a growing focus for plan sponsors.
