This year the world has faced soaring energy prices further fueling inflation, Russian’s war in Ukraine, and a growing risk of recession. And that’s while still dealing with the aftermath of Covid. Finally, the era of Great Moderation may be coming to an end.

That’s why we’ve entitled our latest Expected Returns 2023-2027 ‘The Age of Confusion’, in which our experts unravel the likely outcomes from the ongoing shocks and their impact on all the major asset classes.