It was a year of highs and lows for investors, but here are some lessons for you to take into 2023. MoneywebNews Investing
2022 was a challenging year for investors. At the start of the year, there was a sense of optimism around the world. Markets anticipated that COVID-19-induced global supply chain constraints would abate. The US Federal Reserve would continue tightening interest rates but would likely remain accommodative and global growth was expected to remain above trend. But a different story played out.
As the year progressed, we became increasingly concerned about the headwinds facing the global economy and that these were not adequately priced into financial assets. Given increased uncertainty, we tempered the high conviction views that we held at the start of the year bringing our portfolios more in line with its long-term strategic asset allocation .
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