• We don’t expect the slowdown in economies to result in a deep global recession.

• A repeat of the big increases in bond yields we saw in the first half of the year is unlikely. In this environment, higher quality credit is more attractive.

• Despite increasing pressures on profitability, we're constructive around equities as we go into the second half of 2022. However, being very selective is key given the uncertainty around recession.

Download transcript

Download this article as a PDF