It’s that time of year when Franklin Templeton’s investment leaders put pen to paper and share their insights into what lies ahead in 2020, both globally and closer to home. See below Franklin Templeton’s market outlooks across a range of asset classes and sectors.
“Abundant liquidity in the market fueled by unconventional monetary policy continues to be a source of financial market distortion, and keeps pushing investors toward riskier, less liquid assets.” Sonal Desai, PHD, Chief Investment Officer, Franklin Templeton Fixed Income Group.
Australian Fixed Income Outlook
“The RBA is likely to cut to 0.50% in early 2020 from where it will consider options for other forms of easing. We feel that the authorities are responding to the record levels of leverage across economies and recognising the dis-inflationary impetus that brings.” Andrew Canobi, Director, Australian Fixed Income.
“We think investors need not be anxious about global equity markets in 2020 even as markets have staged a strong advance throughout much of 2019 and economic data has softened.” Stephen Dover. CFA, EVP, Head of Equities, Franklin Templeton.
“The capacity for fiscal stimulus differentiates Australia’s economic outlook from many global peers. Combined with the recent rate cuts from the Reserve Bank, the risk of recession in the domestic economy has moderated.” Alastair Hunter, Chief Investment Officer, Balances Equity Management, Franklin Templeton.
“Global Equity markets face an uncertain 2020, but if the consumer stays resilient and bond yields remain low, global stocks could remain attractive relative to other asset classes.” John Remmert, SVP, Senior Portfolio Manager, Franklin Equity Group.