Outlook for Multi Asset & Equities in 2023

The world has changed and so have we. After three years characterised by a global pandemic and a war in Europe, as investors we have learned to shift our mindset from ‘what should we expect ahead’ to ‘what are we not expecting ahead and, hence, unprepared for’? It is the hunt for the ‘known unknowns’ hoping to shed a speck of light on the ‘unknown unknowns’. We have adopted such mindset when writing this outlook. M&G doesn't believe the conclusions read any differently to what we would have written at a less eventful time, but we are possibly more aware of keeping a door open to alternative scenarios....