As we enter the second half of the year, investors continue to navigate an evolving landscape. Macroeconomic changes, inflationary pressures, and policy divergences are shaping market dynamics, presenting both challenges and opportunities.

Key themes from the Amundi Investment Institute:

1. The toll of tariffs and fiscal policy on the US economy 

2. Increased geopolitical risks call for greater diversification 

3. Asset allocation: mildly pro risk, adjusted with inflation hedges 

4. A tipping point in bonds will favour European credit and emerging market bonds 

5. In equity, tariff impacts will drive sector selection 

6. India and emerging markets are winners from the rerouting shift 

7. Continue diversifying with real and alternative assets 

These topics and more were covered in our recent webinar by Vincent Mortier, Group Chief Investment Officer, and Monica Defend, Head of Amundi Investment Institute & Chief Strategist.

Amundi's Mid Year Global Investment Outlook - 17th June 2025

Mid-year Investment Outlook 2025

Unless otherwise stated, all information contained in this document is from Amundi Asset Management S.A.S. and is as of 18th June 2025. Diversification does not guarantee a profit or protect against a loss. The views expressed regarding market and economic trends are those of the author and not necessarily Amundi Asset Management S.A.S. and are subject to change at any time based on market and other conditions, and there can be no assurance that countries, markets or sectors will perform as expected. These views should not be relied upon as investment advice, a security recommendation, or as an indication of trading for any Amundi product. This material does not constitute an offer or solicitation to buy or sell any security, fund units or services. Investment involves risks, including market, political, liquidity and currency risks. Past performance is not a guarantee or indicative of future results. 

Date of first use: 18th June 2025
Doc ID: 4589253 

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