Boardroom Sessions 3 & 4
Aviva Investors and Carmignac
Shawn Mato, Senior Portfolio Manager
Fund: Aviva Investors Global Convertibles
Obe Ejikeme, Quantitative Equity Analyst
Obenomics: Are we nearly there yet?
The Quant Outlook: Sentiment has shifted from being bullish to bearish, cyclicals are under pressure and volatility is on the rise. However, the biggest risk investors will face in 2019 is being too pessimistic in the face of a potential "Recovery". The million-dollar question is: are we nearly there yet?
Quant models shifted in 2018 from "Scarce Growth" to "Capital Preservation", suggesting a rocky road ahead for equity investors. In this environment of rising volatility and rotations into defensive equities, generating positive equity returns was clearly going to be a challenge. As we venture into 2019, there are ample reasons to remain cautious. However, by exploring the current state of the investment cycle, our quantitative equity analyst Obe Ejikeme will reveal where to look for the first signs of a "Recovery".
While 2018 was a time for caution, 2019 could well be the time to seize opportunities in areas of the market where sentiment is overly pessimistic.