“The emphasis is on being prepared to respond to volatility in these areas, suggesting a flexible and dynamic asset allocation strategy,” says M&G.
The team at M&G Investments sees “better buying opportunities” for broad equity risk later in the year if interest rates were to come down due to a slowing economy.
The M&G team adds that being “nimble” in asset allocation will be crucial in 2024 as the market is expected to respond to “various unpredictable events” such as elections, economic slowdowns and central bank policies.
