Watch the replay of our Global Investment Outlook webinar
Our investment professionals across SLC Management, BentallGreenOak, InfraRed and Crescent Capital provide invaluable insights into what lies ahead for traditional and alternative investments, as well as for the global economy. Panel discussion followed by Q&A.
Following a challenging 2022, our investment professionals across SLC Management, BentallGreenOak, InfraRed and Crescent Capital provide invaluable insights into what lies ahead for traditional and alternative investments, as well as for the global economy.
A letter from Steve Peacher
Inflation across most developed economies is expected to moderate, but concerns persist over global economic growth.
Fixed income: investment grade:
Movements in the Canada yield curve suggest investor confidence that inflation has been contained, though current expectation levels might be overly optimistic.
Fixed income: below investment grade:
With increased default rates already priced into markets, there may be attractive entry points in below-investment grade bonds in 2023.
Private credit: investment grade:
Volatility is expected to continue into 2023, but the deal pipeline may be building up, driven in part by issuers who remained on the sidelines in 2022 coming back into the market.
Private credit: below investment grade:
The macroeconomic and policy backdrop has resulted in a shift in the market favoring lenders over borrowers, providing opportunities for investors to benefit from higher yields on more attractive terms.
Amid recession risks, the operating fundamentals of Canadian real estate remain sound, and specific subsectors such as food-anchored retail, multi-family rentals and logistics properties could exhibit particular resilience.
Amid the various risks and opportunities present in the asset class, the ongoing movement toward global sustainability represents a strong secular theme favoring green infrastructure.
Insurance asset management:
Institutional investors are in a rare position to take advantage of much improved core yields, with expectations that credit spreads will widen as 2023 progresses.
Retirement plan solutions:
Funded status levels for defined benefit plans improved in 2022 amid the past year’s volatility, which has driven de-risking activity among plan sponsors.