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Invesco - Wed, 12/01/2021 - 15:22

Q3 Outlook: Multi-sector positioning for the next phase of recovery


As policymakers chart their courses for dealing with inflation and pulling back on stimulus, how should investors address risk and position their fixed income portfolios? Find out how Invesco Fixed Income is assessing the macro factors driving global fixed income markets and allocating across broad asset classes and specific sectors in fixed income.

Explore our third-quarter outlook for:

Macro factors: The global economy continues to grow at above-trend rates and we expect the current bout of inflation to be transitory. Global central banks have conveyed that they will remain easy much further into the recovery than they have in the past.

Risk positioning: We maintain a neutral risk position. Solid economic growth and very easy monetary policy are supportive of risky assets, in our view, but tight valuations are a significant headwind.

Asset allocation: We maintain our underweight positions in global duration and the US dollar. We maintain a neutral position in global credit.

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Invesco

Invesco is a leading independent global investment management firm, dedicated to helping insurance investors achieve their financial objectives. We understand insurers have unique investment needs, from optimizing capital efficiency and yield, to managing reserves and reporting. That’s why we offer specialized solutions across a broad set of asset classes and vehicles. With $1.6 trillion in total assets under management,[1] and $55.7 billion on behalf of insurance general accounts,[2] we strive to understand your distinct capital requirements, accounting tax treatment, and risk factors.

Invesco Advisers, Inc. and Invesco Senior Secured Management, Inc. are investment advisers that provide investment advisory services to Institutional Investors and do not sell securities. Invesco Distributors, Inc. is the distributor for Invesco's retail products. Invesco Advisers, Inc., Invesco Senior Secured Management, Inc. and Invesco Distributors, Inc. are indirect wholly owned subsidiaries of Invesco Ltd.

1 Invesco Ltd. AUM of $1,585.3 billion USD as of December 31, 2023

2  As of June 30, 2023

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