China dominates offshore investment themes circa 2022
The half-dozen or so investment outlook presentations that I attended in the last month of 2021 could be summarised in just two words: China and inflation. Although the likes of Alexander Forbes, Efficient Group, Ninety One, Old Mutual, Sanlam and Schroders all discussed a range of investment themes, they all felt it necessary to devote a few minutes to the impact of China’s policy intervention on global markets, and a few more on whether or not US inflation would prove temporary or permanent.