2020 Midyear EMEA Implementation Guide

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Keep it brief

  • In our midyear guide, we refresh our key market themes as global economies slowly restart against the backdrop of the coronavirus pandemic.
  • We consider this cautious rebound and the unprecedented policy response that has made it possible, as well as new sources of portfolio resilience, including sustainable investing.
  • Download the full guide to discover how these market views could translate into implementation ideas across asset classes, geographies and sectors for active and index funds.

Key Themes

  • Economies are slowly restarting, but at differing paces. We favour European equities, which are more exposed to a cyclical upside.

  • Amid unprecedented monetary and fiscal policy coordination, credit looks attractive across the spectrum; we like inflation-linkers as a longer term strategic hedge.

  • Supercharged structural trends are changing the nature of portfolio diversification – and sustainable assets have a greater role to play. On the tactical horizon, we favour the quality factor.

This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or financial product or to adopt any investment strategy. The opinions expressed are as of June 2020 and may change as subsequent conditions vary.

Download the mid-year EMEA implementation guide: Facing the future
The 'black swan' events of this year have shaken markets. We uncover the key themes that could influence the investment landscape for the remainder of the year.
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Click to download the midyear implementation guide
Download the midyear 2020 BII Global Outlook
Read the latest views from BII across asset classes, as we take stock of recent events and their potential strategic implications for H2.
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Download the paper to read BII's latest views at midyear

Midyear outlook webinar

Listen again to Wei Li, Jean Boivin and Pierre Sarrau discuss key themes at midyear.

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