MACROECONOMIC PERSPECTIVES
Capital Group economists forecast a mixed global economic environment in 2024. The United States, Japan and India are predicted to hold up well. Meanwhile, signs of weakness in Europe and China have tempered expectations for the new year.
EQUITY OPPORTUNITIES
Corporate earnings are expected to rebound in 2024, but with U.S. stock market concentration at historic levels, diversification remains essential. Find out where our investment team is looking for opportunities in the U.S. and international markets.
FIXED INCOME OPPORTUNITIES
The U.S. Federal Reserve may have finally finished raising interest rates. And with yields across bond markets near 20-year highs, bonds could be the comeback story of 2024.
*Source: Marketing Support: The Advisor View, May 2023, July 2021, June 2020; Fund Intelligence, February 2020. FUSE Research surveys of 500-1,000 advisors identifying the “most-read thought leaders.” Survey was not conducted in 2022.
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Bond ratings, which typically range from AAA/Aaa (highest) to D (lowest), are assigned by credit rating agencies such as Standard & Poor's, Moody's and/or Fitch, as an indication of an issuer's creditworthiness.
The market indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
Bloomberg U.S. Mortgage Backed Securities Index is a market value-weighted index that covers the mortgage-backed pass-through securities of Ginnie Mae (GNMA), Fannie Mae (FNMA) and Freddie Mac (FHLMC).
Bloomberg U.S. Corporate Investment Grade Index represents the universe of investment grade, publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity and quality requirements.
Bloomberg Global Aggregate Corporate Index is a flagship measure of global investment-grade, fixed-rate corporate debt.
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