Equities should see further good returns in the second half of 2024, justifying a continuation of our overweight stance, particularly in the US and for NASDAQ stocks. In Europe, small capitalisation stocks should benefit from the ongoing recovery fuelling consumer demand.
In fixed income, fixed maturity strategies offer investors the opportunity to lock in coupons now, at attractive levels, and then benefit as central bank official rates fall.There is also scope for further outperformance from high-yield bonds in the coming months.
Watch our video on the mid-year investment outlook with Daniel Morris, Chief Market Strategist, and Olivier De Larouziere, Chief Investment Officer for Fixed Income.
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