The October 2020 report, MLC’s scenario insights & portfolio positioning states:
After being challenged by stubbornly high inflation in the 1970’s, central banks spent the subsequent 30 years disinflating prices in the real economy (trying to get inflation back down towards a 2% target); the last 10 years have been about reflating (trying to get the Consumer Price Index (CPI) growth back up towards a 2% target). Policies aimed at raising CPI inflation have been largely unsuccessful to date.
At Godfrey Pembroke we put investors at the centre of our thinking and focus on what really makes an impact on investors outcomes – asset allocation. With this in mind, we concentrate on finding the right allocations between asset classes and sub-asset classes and design portfolios which help investors achieve their financial goals.
Each quarter, this Strategic Overlay document explains MLC’s view on the market environment, scenarios that may play out and the drivers for the positioning of our clients’ diversified portfolios.
You can read the full MLC’S scenario insights & portfolio positioning – October 2020 here.