April 2023 - Monthly House Views

Turbulent Times

The failures of Silicon Valley Bank and Credit Suisse have caused significant waves across markets. Our central scenario assumes that banking risks remain contained, but the turbulence is likely to affect the global macroeconomic and financial environment in the short term: credit activity might suffer even as the monetary tightening cycle nears its end. What does this mean for investors and how does it impact our asset allocation?

Learn more in our April 2023 House Views by clicking on the document below.