MetLife Investment Management - Wed, 10/11/2023 - 13:35

Relative Value & Tactical Asset Allocation Q4 2023


Key Takeaways

  • Divergence in global monetary policy has become more obvious, with emerging economies cutting interest rates.
  • Global economic growth is expected to slow further, putting downward pressure on global government bond yields.
  • Valuation risks across credit markets remain high, with credit fundamentals mostly weakening.
  • While home prices have held up, changing bank capital regulations and student loan payments may impact the current market dynamics.
  • Agriculture fundamentals remain healthy, while office continues to be the most concerning sector.
  • We believe that current equity valuations are too high, while cash investments remain attractive.


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Contacts


MetLife Investment Management

MetLife Investment Management (MIM) enables insurance companies to leverage the 150-year history of our parent, MetLife, Inc., and partner together to invest on their behalves. MIM has a long track record of investing for insurance companies globally; we combine this experience with a client-centric approach and deep asset class expertise. Focused on managing private debt, real estate and public fixed income, we aim to create customized portfolio solutions across the risk spectrum, including income oriented, constrained portfolios as well as total return strategies. We listen first, strategize second, and collaborate constantly to meet clients’ long-term investment objectives.

Madhavi Chugh
Managing Director
Institutional Client Group - Insurance
+1-609-216-6691
madhavi.chugh@metlife.com 
 

www.metlife.com/investments
One MetLife Way
Whippany, New Jersey 07981

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