Markets in Focus: Uncovering Risks and Opportunities Across Asset Classes
In Q1 2023, the MSCI ACWI index gained 7.4%, having delivered the second-best January return in the last 36 years. Optimism turned into caution as inflation remained high, and the quarter witnessed the collapse of Silicon Valley Bank, Signature Bank, and the rescue of Credit Suisse by UBS. While growth stocks strongly outperformed value, as the quarter came to a close, investors rotated from high-risk stocks to large cap and quality stocks. Interest rate implied volatility reached levels not seen since the global financial crisis and options listed on US exchanges reached record volumes.
In this virtual event, DWS and MSCI experts shared insights on global and regional market trends, active allocation across multiple asset classes, and a re-assessment of factor valuations considering the new rate regime.
Agenda topics:
- Insights on market landscape and multi-asset allocation
- What did the derivatives market told us about investor positioning?
- Have factor valuations adjusted to the new rate environment?
- What was the factor outlook based on the indicators of performance?
Hitendra Varsani, is a Managing Director within MSCI´s Global Solutions Research team, based in London..
Bjoern is Chief Executive Officer of DWS CH AG and Global CIO based in Zurich...