137 Alfred Lee – 2023 Outlook & Strategy: 50 / 30 / 20

Insight is Capital™ Podcast

Alfred Lee, Director, Portfolio Manager, and Investment Strategist at BMO Global Asset Management joined us to discuss his outlook for 2023. 2022 was a year of challenges in the financial markets, with investors facing a lot of uncertainty. For 2023, we talk about whether inflation and interest rates are moving in a positive direction. We cover portfolio strategy, zoom in on interest rate policy, fixed income strategy, and take a look at his 2023 market outlook. We discuss factor and sector equity strategy, banks, energy, gold, alternatives, key risks, and his 50/30/20 asset allocation portfolio framework, risk budgeting and asset mix.

We talk about:

• A lot of investors moved to short term instruments during the last half of 2022. Was that the right move, or was that fear driven?

• What's the likelihood the Fed as well as BoC will soon pause or slow on hiking rates, and if so, for how long?

• Wild cards? The stickier parts of the economy, labour market, the effect higher interest rates are having on housing prices, discretionary income and spending, 18-24 months lag time, China re-opening

• What's your fixed income strategy in this climate where we're hearing a lot of talk about rates remaining where they are for a while, and the high probability of a recession?

• The 'big story' for 2023, is fixed income, and what to do with it, where to go?

• the strategic thinking behind the 75 / 25 split in fixed income allocation

• Is it a new regime? Or back to the "Old Normal"

• equities strategy and rationale - Multi-Factor & Sectors?

• alternatives / liquid alternatives strategy?

• The demand for diversifiers, liquid alts

• The 50 / 30 / 20 asset allocation framework.

Where to find Alfred and his team at BMO ETFs:

BMO ETFs Dashboard

BMO ETFs Trade Ideas and Podcasts

Alfred lee on LinkedIn

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