Global investing: Three themes to watch for in the second half - David Tulk

June 28, 2021

As we head into the second half of 2021, Portfolio Manager David Tulk gives an overview on the strategy of the asset allocation team. He says it's all about providing diversification as we look into the rest of the year. David frames the discussion around three main global investment themes for the short, medium and long-term outlook.  In the short-term, the re-opening phase will continue to be strong. Pent-up consumer demand is bursting after a year-and-a-half of being locked down.  In the medium-term, risk of higher interest rates and governments continuing to provide extended stimulus will be themes to keep an eye on. Governments want to encourage more inclusive rates of economic growth relative to what we've seen in the past. But the question remains: how willing will central banks and governments be to let it ride out?  And in the long-term, we need to keep an eye out on government debt and spending.  The increase in debt levels has been entirely unprecedented.  As much as we think the economy is ready to spring back to life, maintaining that rate of growth over the next 20 to 30 years is probably a little bit too optimistic. 

Recorded on June 17, 2021.