2021 outlook: Poised for growth
Economic recovery, vaccine and portfolio considerations
WHITE PAPER |
2021’s initial financial market conditions are directly linked to global efforts to remediate the coronavirus pandemic. Unprecedented levels of stimulus had the immediate effect of stabilizing markets and elevating investors’ risk appetite, but vaccination dissemination programs remain nascent and somewhat fragmented.
While we expect these factors to continue influencing investment markets near term, we are cautiously inclined to favor thoughtful exposure to risk assets as 2021 begins.
As our white paper highlights, we are encouraged by the increasing breadth of asset class returns witnessed in the fourth quarter of 2020—a precursor, perhaps, to the advent of a new economic regime characterized by sustained and synchronized levels of global economic activity. Wide-scale, effective vaccination distribution inescapably coincides with this expectation.