Peak Views: What lies ahead in 2024?

With 2023 at a close, financial markets are at an important junction. Major developed market central banks have paused their rate rises and there is considerable uncertainty about what happens next.

With views ranging from a ‘soft landing’ to recession, ‘higher for longer’ interest rates to rate cuts, the path ahead is uncertain. In the Investment Perspectives, Peak views: what lies ahead in 2024?, Fabiana Fedeli, CIO Equities, Multi Asset and Sustainability, and Jim Leaviss, CIO Fixed Income, along with experts from M&G’s equities, fixed income and private assets teams, provide their insights on the main topics driving markets.

We highlight three themes – ‘higher for longer’, ‘structural trends’ and ‘active management’ – that we believe could provide a route through the tricky investment landscape and offer opportunities in 2024 and beyond.

Theme 1: Higher for longer With inflation coming down and major central banks taking a break from rate hikes, the path of interest rates is front of investors’ minds. Jim Leaviss, CIO Fixed Income, shares his perspective on the bond market and the economy in the coming year. Find out more in the report: For Hong Kong readers, click here | For Singapore readers, click here

Theme 2: Structural drivers rather than cyclical trends Despite a challenging macroeconomic environment this year, we believe now to be an opportune moment for investors to tap into three prevailing megatrends shaping the global landscape: AI, infrastructure and a low-carbon economy. Fabiana Fedeli, CIO Equities, Multi Asset and Sustainability, shares her thoughts on looking beyond near-term volatility and exercising selectivity when investing in these long-term structural themes. Find out more in the report: For Hong Kong readers, click here | For Singapore readers, click here

Theme 3: Active management, selectivity and 2024 Is active management still relevant amid the rise of low-cost passive investment vehicles?   Dave Fishwick, Head of Macro Investing, shares his thoughts on this and other factors that are making the case for the future of active management. Find out more in the report: For Hong Kong readers, click here | For Singapore readers, click here

In addition the report, watch a video where M&G Investments’ CIOs Jim Leaviss and Fabiana Fedeli share their insights on the potential investment opportunities in bonds and equities in 2024 and beyond.

Disclaimer:

The value of investments will fluctuate, which will cause prices to fall as well as rise and you may not get back the original amount you invested. Wherever mentioned, past performance is not a guide to future performance. The views expressed in this document should not be taken as a recommendation, advice or forecast and they should not be considered as a recommendation to purchase or sell any particular security.

For Institutional Investors and Accredited Investors in Singapore and Professional Investors in Hong Kong only. Not for onward distribution. No other persons should rely on any information contained within.

In Hong Kong, this financial promotion is issued by M&G Investments (Hong Kong) Limited. Office: Unit 1002, LHT Tower, 31 Queen’s Road Central, Hong Kong, and in Singapore, by M&G Investments (Singapore) Pte. Ltd. (Co. Reg. No. 201131425R), regulated by the Monetary Authority of Singapore. All forms of investments carry risks. Such investments may not be suitable for everyone. The information contained herein is provided for information purposes only and does not constitute an offer of, or solicitation for, a purchase or sale of any investment product or class of investment products, and should not be relied upon as financial advice. For Hong Kong only: If you have any questions about this financial promotion please contact M&G Investments (Hong Kong) Limited. The contents of this document have not been reviewed by any regulatory authority in Hong Kong or Singapore.