Trying to Predict Interest Rates? Good Luck.

As 2023 began, inflation was elevated, US policy makers were in a rate-hiking cycle and talk of recession was in the news. Investors could be forgiven for expecting big changes in US Treasury yields before year’s end. But as it turned out, yields finished about where they started. In a recent webcast, Co-CEO and CIO...

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What 2023 Teaches Us About Expectations vs. Reality

Realized market returns are driven by the difference between investor expectations and the events that actually transpire. If reality pans out better than expected, markets may deliver strong returns along the way. On the other hand, market returns may be disappointing if developments are worse than anticipated. The global MSCI All Country World IMI Index...

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