The Global Economic Outlook for 2020

Sanlam’s analysis of what lies ahead

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As we enter a new year and a new decade, Philip Smeaton, Chief Investment Officer at Sanlam, discusses his immediate and longer-term views of the markets, and what it will mean for investors.

Despite a slowing global economy, it feels like there’s a lot to be optimistic about. While there are geopolitical issues at large across all continents, we can already see them giving rise to longer-term investment opportunities. From the infrastructure opportunity that comes with a growing urban population, to the health care opportunity of an ageing demographic and the renewable energy opportunity of climate change. There’s no doubt we’re on the cusp of phenomenal global change, and that’s without mentioning the impact of technological advancement and the rise in sustainable products and services.

Of course, significant change can feel painful in the short term – whether that’s because of political uncertainty or volatile markets – which is why the Manager will continue to diversify both globally and across different asset classes to protect clients from short-term fluctuations, while making sure it can take advantage of any exciting longer-term opportunities as they arise.

Source: Sanlam Private Wealth

Sanlam Private Wealth is a trading name of Sanlam Private Investments (UK) Ltd.

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