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Midyear Guide 2019

Wei Li
Wei Li, CFA
iShares EMEA Head of Investment Strategy

Keep it brief

  • The 2019 Midyear Guide explores the implications of a more proactive turn from central banks – and how this dovish turn may be prolonging the cycle
  • We discuss how investors can bolster resilience by integrating defensiveness into their portfolios
  • Download the full report to discover how these market views could translate into implementation ideas across asset classes, geographies and sectors for active and index funds

Positioning for a longer cycle

Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. You may not get back the amount originally invested.

Theme 1: Protectionist push - proactive policymakers

Against a backdrop of rising macro and geopolitical risk, central banks have made a marked shift from ‘patience’ to a more proactive approach.

Theme 2: Stretching the cycle – stay invested

A key feature of the dovish turn is a longer growth cycle. Global growth has slowed but remains positive – granted geopolitical tensions do not trigger a premature end.

Theme 3: Raising resilience – building defence

Resilience is essential to building a portfolio that can weather varying market conditions. Rising macro uncertainty in 2019 calls for a tactical, defensive approach to underpin ‘unconditional’ resilience.

Download our latest outlook
In our latest midyear guide, we outline BlackRock's key market views for Q3 2019 and explore related implementation ideas.
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Meet the writers
Wei Li
iShares EMEA Head of Investment Strategy
Karim Chedid
Investment Strategist
Learn more
Jonathan Parker
Natasha Sarkaria
Investment Strategist
Qassim Saeed
Investment Strategist
Read the latest market views from BlackRock Investment Institute
In our latest global outlook, we introduce a new investment theme: patient policymakers, and highlight China’s pivotal role in the global economy, markets and geopolitics.
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