Mid-year Outlook 2018

Climbing over the wall of worry: Building enduring global portfolios

While many investors have turned fearful after early 2018's market volatility, we think that the global expansion may last longer than pessimists expect. And although we acknowledge potential threats - especially around trade - we believe that risky assets can continue climbing over the wall of worry.

Given the growing uncertainties of a world where political strongmen are wielding greater power and where multilateral cooperation is often eclipsed by national self-interest, we think the most appropriate response is to build enduring portfolios that are broadly diversified by geography and asset class.

In this publication, we explore the principles behind such portfolios, as well as how they might look in practice. We also discuss some potential opportunistic strategies to complement your core portfolio holdings.

Read the full Mid-year Outlook 2018 publication in these languages:

English, 繁, 簡, Português, Español, عربى, Pусский

If you are unable to access the links, view the PDFs below:

English, 繁, 簡, Português, Español, عربى, Pусский