The global economic growth outlook is positive in our 18-month investment time horizon, with a cycle peak likely to be substantially beyond that.
Global Investment View Q2 2021
Your look into the most important investor insights for the quarter
Introduction to the latest quarter
The Global Investment View for Q2: 2021 distils the outcomes from the most recent meeting of Investec Wealth & Investment’s top strategic minds. Here, experts from the Investec Global Investment Strategy Group (GISG) offer their insights into the factors informing their risk positioning for the quarter, the medium term global outlook, how it will impact the South African economy, and what icebergs may lie ahead.
Click the play button below to watch a summary of this quarters views by Chris Holdsworth. Chief Investment Strategist, Investec Wealth & Investment.
Download the Q2 Global Investment View report
Executive view of the quarter
The Global Investment Strategy Group (GISG) has retained its positive risk budget score (at 0.5, on a scale of +3 to -3).
Fundamental developments since the January meeting have been almost exclusively positive: a calmer tone to the US Presidency, the passage of a supplementary major stimulus package, solid global economic data and, most importantly, increasing evidence that medical science is in the process of defeating Covid-19 as an economic threat. The global economic growth outlook is therefore extremely positive in our 18-month investment time horizon, with a cycle peak likely to be substantially beyond that.
Fundamental developments since the January meeting have been almost exclusively positive: a calmer tone to the US Presidency, the passage of a supplementary major stimulus package, solid global economic data and, most importantly, increasing evidence that medical science is in the process of defeating Covid-19 as an economic threat. The global economic growth outlook is therefore extremely positive in our 18-month investment time horizon, with a cycle peak likely to be substantially beyond that.
Unlike in previous cycles, commodity producers have been disciplined in the face of higher commodity prices and have not ramped up expansionary capex.
Chris Holdsworth, Chief Investment Strategist, Investec Wealth & Investment SA
Read the full report for Q2
Find out why the Global Investment Strategy Group has retained its risk budget score.