Top of Mind: Time for a New Playbook on Inflation and Active Management?

Multi-Asset Strategist Adam Berger considers the outlook for inflation, the changing environment for active management, and potential portfolio next steps.

Investors continue to feel their way through an economic and market environment in which history offers limited guidance. In this note, I update my thinking about the pandemic and how investors should respond. Then I dive into two big questions that have come up in the wake of COVID-19: Are we heading for future inflation, and do we need to rethink active management? On inflation, I describe what has changed since the pandemic began, offer my assessment of the likely outcomes, and provide a road map for thinking about a portfolio response. On active management, I address the performance of defensive equity strategies and value stocks, the dominance of technology, and the backdrop for private assets and hedge funds.

Data Privacy Agreement (required)

I agree to share the above data with ISS and the content’s sponsor(s) for the purpose of registering for this content. I understand I may be contacted by ISS or the sponsor(s) in the future. Any emails sent by ISS will include the option to opt out of future communications. Further information is set out in the Privacy Policy of this site.

Subscribe to receive our latest news and events! (optional)

Subscribe to our daily newsletter for the latest industry news and in-depth reporting
Sponsored by
Wellington Management Logo