Peter Dalgliesh Managing Director, PIM
Peter DalglieshManaging Director, PIM
In a nutshell
It’s been a challenging first half of the year.
We’ve had persistent inflation, rising interest rates, regional US bank failures, corporate earnings downgrades, continued tightness in the labour market.
Yet index returns have held up better than expected. Parmenion Investment Management MD Peter Dalgliesh gives his expert assessment of the situation.
Led by the US, EU and Japan, growth assets have relatively outperformed so far in 2023. Globally diversified defensive assets have also delivered positive absolute returns. But before assessing the outlook, let’s look back. Were our projections for 2023 pretty much on the money?