Forecasting macro factors are much more difficult than they were in the past.
That’s the view of Jordan Sriharan who joined this week’s Asset Allocator podcast this week.
The senior fund manager for multi asset at Keyridge Asset Management warned that predicting the macro environment has become significantly more difficult due to shifting government policies and increased volatility compared to the post-financial crisis era.
Speaking with Aamina Zafar and David Thorpe, the trio examine why inflation and interest rates could remain structurally higher, and what that means for asset allocation, portfolio diversification and risk management.
Sriharan explains why shorter-duration corporate bonds are becoming increasingly important in fixed-income portfolios, whether long-duration government bonds can still provide protection during market downturns, and where high-yield bonds and emerging market debt fit into portfolios.
Timestamps
00:00 - Macro factors more difficult to gauge
03:06 - From efficient supply chains to economic resilience
10:21 - Does the 60/40 portfolio still work?
19:49 - Why emerging market debt looks attractive
22:34 - AI, Big Tech and the outlook for US equities
29:59 - The investment case for UK equities
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