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BlackRock Bottom Line: 2022 Midyear outlook Script
Format: 16x9 and 1x1 with subtitles
ID:
Wei Li
BlackRock Global Chief Investment Strategist
The three themes for our midyear outlook, “Back to a volatile future” are: Number one, bracing for volatility. Number two, living with inflation, and number three, positioning for net zero.
BBL open
Title: 2022 midyear outlook: Back to a volatile future
Our first theme is bracing for volatility. We have entered a regime of higher macro volatility and market volatility and that is here to stay. A goldilocks outcome of a sustained rally of both equities and bonds, that’s off the table.
Our second theme is living with inflation. We are in a world shaped by supply and the trade off between growth and inflation facing the Fed and other central banks is so much tougher in such an environment.
Our third theme is positioning for net zero. We believe investors can get exposure to the transition by not only investing in the “already green” companies, but also high-carbon companies with credible transition plans or are critical to the transitions.
The bottom line is we see persistently higher inflation amid shorter swings in economic activity. Through the course of this year, we have trimming portfolio level risk-taking and we do so again at this junction. And we also believe that in this environment, in this new regime, portfolios need to go through more dynamic and more frequent adjustments.
Global Disclosures
This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of July 2022 and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks.
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EMEA dislcosures (for EMEA version of video)
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Risk Warnings
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.
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In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20-549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.
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Back to a volatile Future
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General disclosure: This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. This material may contain estimates and forward-looking statements, which may include forecasts and do not represent a guarantee of future performance. This information is not intended to be complete or exhaustive and no representations or warranties, either express or implied, are made regarding the accuracy or completeness of the information contained herein. The opinions expressed are as of the date shown above and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks.
In the U.S. and Canada, this material is intended for public distribution. In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20-549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded. In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Advisors (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL, Tel: +44 (0)20 7743 3000. Registered in England and Wales No. 00796793. For your protection, calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock. In Italy: This document is marketing material. Before investing please read the Prospectus and the KIID available on www.blackrock.com/it, which contain a summary of investors’ rights. For information on investor rights and how to raise complaints please go to https://www.blackrock.com/corporate/compliance/investor-right available in Italian. In Switzerland, this document is marketing material. For investors in Israel: BlackRock Investment Management (UK) Limited is not licensed under Israel’s Regulation of Investment Advice, Investment Marketing and Portfolio Management Law, 5755-1995 (the “Advice Law”), nor does it carry insurance thereunder. In South Africa, please be advised that BlackRock Investment Management (UK) Limited is an authorized financial services provider with the South African Financial Services Board, FSP No. 43288. 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