Tactical Asset Allocation Outlook: 2Q Update
Invesco's Investment Solutions Senior Portfolio Manager, Alessio de Longis, delivers our tactical asset allocation outlook. Driven by the shock of COVID-19, our macro framework moved into a global contraction regime in February and it remains in place broadly across regions. Given the increased severity of the lockdown and quarantine measures undertaken by governments around the world, it is highly likely that most, if not all, countries and regions will experience a significant recession in the first half of 2020.
Other highlights from the outlook include:
- Perspective on near-term economic expectations
- What historical contraction regimes can teach us about what may lay ahead for these times
- The role of legislators and central banks in managing the impact of this global contraction
Alessio de Longis, CFA, Senior Portfolio Manager, Invesco