Macquarie Asse… - Fri, 12/15/2023 - 11:56

Market Perspectives webinar replay - Outlook 2024: A world in transition

After the most aggressive monetary policy tightening cycle in more than 40 years and bond yields at levels not seen since 1979, the world’s major developed economies are still standing. At the same time, there have been powerful structural changes in recent years in how the global economy behaves. Understanding these deep forces and how they intersect with the cycle will be crucial to return delivery in the coming years. Our recent webinar is available on demand. Topics included were:

  • Private infrastructure continues to be relatively well placed due to its defensiveness, ability to protect against surges in inflation, relatively high yield, and robust policy support globally.
  • Private real estate has been more affected by the rise in interest rates, but opportunities may be emerging in rental housing, logistics, and niche sectors.
  • For listed equities, we see opportunities in US small-caps and listed real assets, while Europe looks attractive on valuation grounds and we may be close to peak pessimism on Chinese equities.
  • In global credit markets, we are constructive on duration but cautious on credit, particularly further out on the risk spectrum. However, US agency mortgage-backed securities (MBS) can offer attractive spreads backed by robust structures and strong credit fundamentals.

Watch the Replay 

For investment professional and institutional investor use only. Not for use with the public. 
Investing involves risk, including the possible loss of principal. 
Past performance does not guarantee future results. 
This webinar is for informational purposes only. Please see the registration page for additional information and risk disclosures. 
The views expressed represent the investment team’s assessment of the market environment as of the date indicated and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice. 

Macquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM is an integrated asset manager across public and private markets offering a diverse range of capabilities, including real assets, real estate, credit, equities and multi-asset solutions. The public markets businesses of MAM include investment products and advisory services distributed and offered by and referred through affiliates which include Delaware Distributors, L.P., a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA), and Macquarie Investment Management Business Trust (MIMBT), a Securities and Exchange Commission (SEC)-registered investment advisor. Investment advisory services are provided by a series of MIMBT. Macquarie Group refers to Macquarie Group Limited and its subsidiaries and affiliates worldwide. Delaware Funds by Macquarie refers to certain investment solutions that MAM distributes, offers, refers, or advises.

Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. 
© 2023 Macquarie Group Limited 

[3278961] 12/2023


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