The "Real" Puzzle

Wednesday 01 December 2021

Global Investment Views, Equity, Fixed income

Download the Complete December Global Investment Views

Contributing Authors

Pascal Blanqué
Group Chief Investment Officer,
Amundi

Vincent Mortier
    Deputy Group CIO, 
Amundi

Summary:

  • The COP26 meeting highlighted the need for investors to pay close attention to carbon emissions as a factor in the markets, and expect an increased focus on ESG.
  • Credit with higher yields and short duration can potentially help investors navigate high inflation, but selection will be key as default rates will start to bottom out as financial conditions become less supportive.
  • In general, the Fed’s modest policy normalization should be marginally supportive for the USD as we approach year-end.
The “real” puzzle

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