ROAM News and Press, Hartford Multifactor Emerging Markets From 01/04/23

Summary We expect 2023 to be a year of transition, with gradual fading of price pressures allowing policymakers and market participants to take a more balanced approach to assessing growth and inflation dynamics. The near-term outlook calls for more of the same: high inflation and rate ...

Summary For 40 years, steadily declining inflation and interest rates buoyed equity returns. That changed abruptly last year. Investors must now adjust expectations to a new macroeconomic and market landscape that will require a fresh mindset to reach long-term goals. By...

Summary There were ample causes for this global downdraft in equity markets. Global equity markets look likely to face a global recession in 2023, which appears to have already begun in the final quarter of 2022. Equity markets will face a tough global environment in 2023, particula...

Summary Inflation and central bank policy will likely continue being key focus points for investors. 2023 may not see a repeat of the frantic Federal Reserve activity that characterized 2022, but policy rates almost certainly still have further to rise. While 2023, with its challeng...

Summary Return divergences were largely an outgrowth of the collapse in resource stocks. Amid the extreme risk-on/risk-off swings in sentiment spurred by the pandemic and Russia/Ukraine war, industry performances have been as polarized as they've ever been in a decade. The turbulent...

Summary China’s inflection point began with the easing of access to credit in the property sector in October 2022. If the International Monetary Fund’s forecasts for resilient EM economic growth in 2023 prove to be correct, this should have a positive effect on revenue tre...

Summary Amid the crosscurrents, two themes have prevailed during the post-pandemic years, which lend some perspective to the macroeconomic roadmap ahead: namely, the bipolar swings in macro policy and the forces of economic normalization. After one of the worst years for fixed income as...

Summary Expectations surrounding central bank policy, China’s gradual reopening and a lower US dollar are key to investor sentiment in the final stretch of 2022. Central banks have increased interest rates at the fastest rate on record, and there are signs that higher yields are ...

Summary It was long anticipated the “non large-cap growth” asset class would eventually assert itself in terms of market leadership and revert to the mean. The sudden dollar weakness has driven good volume in some of the EM ETFs like EMXC and the Vanguard ETF like VE...

Summary After a difficult 2022, cautious optimism may be in order. Here are our thoughts on market risks and opportunities heading into 2023. Through 2022, the market repriced for bad news — the Russian invasion of Ukraine, supply chain woes, stickier headline inflation and...