In the Post-Covid Recovery, Watch Out for Potential Risks
By P&I Content Solutions
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PFM Asset Management
With the resurgence of global economic activity as the COVID-19 lockdowns ease, institutional investors are looking at accelerating corporate profit growth and accommodative monetary policies as strong tailwinds for overall investment performance. Yet these developments also bring inflationary pressures at a time of high fiscal spending. In addition, debt levels are high and rising, and we may be at the beginning of a new era in foreign policy. Pensions & Investments spoke with Biagio Manieri, Ph.D., CFA, managing director and chief multi-asset class strategist at PFM Asset Management, to sort through the current macroeconomic and market risks that asset owners need to understand in order to better position their investment portfolios and avoid a potentially bumpy ride.
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