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Every quarter, our fund managers analyse trends in the global economy and financial markets. Read their views on the second quarter of 2022.

Macroeconomic environment

  • A significant slowdown in the global economy is on the horizon.
  • Russia’s invasion of Ukraine is exacerbating the inflationary pressures that were already widespread before the outbreak of the conflict.
  • The Federal Reserve now considers the fight against inflation to be its top priority.

Financial markets

  • The environment for the financial markets has deteriorated.
  • In a more inflationary environment, equities are better placed than bonds to protect investors’ purchasing power.
  • Asian markets appear to be attractively valued.

Guy Wagner, Chief Investment Officer

An economics graduate from the Université Libre de Bruxelles, Guy joined Banque de Luxembourg in 1986 where he was head of the Financial Analysis and Asset Management departments. He was appointed Chief Investment Officer of BLI - Banque de Luxembourg Investments in 2005.

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