“The economic and political framework of the past 10 years is gone, leading to a very different investment landscape that calls for a changed approach to asset allocation,” says Alexandre Tavazzi, head of CIO office and macro research at Pictet Wealth Management.
More than a year on, the war between Russia and Ukraine has largely dropped from financial and business news headlines as commentators look for the next reason that can be cited for sending numbers either up or down.
While market movements are now hardly linked directly to the war, a much bigger shift has taken place in geopolitics, which will profoundly impact how markets behave and what investors decide in the coming years.
