Multi-asset strategy – Disciplined asset allocation to balance “risk” : Axis Securities

0

BQ Prime’s special research section brings together in-depth and quality research reports on stocks and the economy from India’s top brokers, asset managers and research agencies. These reports offer BQ Prime subscribers the opportunity to broaden their understanding of companies, sectors and the economy.

As asset class leadership continues to evolve through different market cycles, stocks have been the best performing asset class in 2021. Nifty up 24%, mid caps up 46% and small caps by 59% while gold prices contracted by 4%. in 2021.

2022, however, was a year of transition characterized by liquidity inversion, policy tightening, geopolitical concerns and a rising inflation scenario, which led to higher commodity prices in the first half of the year. year.

On an encouraging note, the second half of 2022 should see a moderation in commodity prices and some softening in inflation expectations as well.

The volatility, however, is likely to continue for quite some time before ending in a more concrete direction. The direction of bond yields, oil prices, the dollar index, the interest rate hike by the US Fed and the intensity of inflation will further determine market fundamentals for the second half of 2022 .

Given these developments, equity market returns should be limited and bottom-up stock ideas and domestically focused themes should gain traction in the coming months.

Click on the attachment to read the full report:

DISCLAIMER

This report is written by an external party. BQ Prime does not guarantee the accuracy of its content and is in no way responsible for it. The content of this section does not constitute investment advice. For this, you should always consult an expert based on your individual needs. The opinions expressed in the report are those of the authoring entity and do not represent the opinions of BQ Prime.

Users have no license to copy, modify or distribute the content without the permission of the original owner.

Share.

Comments are closed.