A rude wake-up call
In this latest update from the Empire Life Investments team, Paul Holba, CIO, reviews the key market events impacting 2022 and beyond. Here are the highlights:
- Accelerating inflation and rapidly tightening monetary policy fueled a months-long-rout among major asset classes, sending U.S. equities into bear territory.
- Bond markets sold off sharply and bond yields increased across the curve as central banks around the world aggressively raised interest rates to combat the highest inflation since the 1980s.
- Many of Empire Life’s multi-asset solutions, such as Emblem GIFs, Monthly Income GIF, and Asset Allocation GIF, benefitted from a more defensive positioning (lower equity allocations) in light of increased economic risks.
Read more about the Empire Life Investments team outlook and how the funds are positioned. The team also shares how they are ready to meet today’s challenges head-on, helping to see investors through market volatility and focus on their long-term financial objectives.
