We expect further reopening of the economy to support global growth although the recalibration of monetary and fiscal policies could lead to heightened market volatility from time to time. Hence, investors should stay invested but in a diversified manner to build portfolio resilience.

Given the robust earnings outlook, we are overweight equities but less sanguine on fixed income amid prospects of rising interest rates. Meanwhile, we advocate a neutral stance on both cash and alternative investments.

View the full January 2022 Research Report, please click here.

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