Inflation expectations have moved a long way

Columbia Threadneedle Investments ‘Asset Allocation Update’ – maart 2021

Inflation expectations have moved a long way, in tandem with oil and other measures of cost pressures, so any prospective move higher in nominal yields would seem more likely to be driven by real rates rising from post-2003 lows.

Equity markets

Our focus in Columbia Threadneedle multi-asset portfolios has been to concentrate our risk exposures in equity markets with smartly growing profits, like emerging Asia and Japan, that are…