High Conviction Investment Ideas for 2023

Slow growth is projected to continue due to aggressive central bank policy and persistently high inflation. In our 2023 outlooks, we explore how a risk-off investment approach that favors diversified portfolio allocations across sectors could help investors be well-positioned to weather potential market volatility across key themes and asset classes: ESG, Fixed Income, Private Equity & Private Credit, and Multi-Asset. 

The Silver Lining Behind an Energy Crisis

The COVID-19 pandemic and the war in Ukraine have created a crisis not only for energy prices but also for energy supplies throughout Europe. In this outlook, our experts at Candriam explore how this trend could accelerate the transition to clean energy and share their convictions on sourcing investment opportunities in a volatile market environment.

candriam.com


Navigating ESG in 2023

Learn what Wim Van Hyfte, Global Head of ESG Investments and Research at Candriam, believes are trends investors will see within ESG in the upcoming year.

         

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Greater Focus on Credit Fundamentals

As central banks around the globe tighten monetary policies, markets will begin to see the effects, likely in the form of slower growth and inflation moderation. In these outlooks, MacKay Shields weighs the benefits of a more defensive approach to fixed-income investing.

mackayshields.com

Creating Vision


Global Fixed-Income Outlook: Return of the Bond

Neil Moriarty, Co-Head of Global Fixed Income, sheds light on how 2022 fixed-income performance stacked up historically, and where opportunities lie in 2023. 


Global Fixed-Income Outlook: Return of the Bond

Neil Moriarty, Co-Head of Global Fixed Income, sheds light on how 2022 fixed-income performance stacked up historically, and where opportunities lie in 2023. 


2023 Macroeconomic Outlook: Recession, Resiliency, and Risks

Steve Friedman, Senior Macroeconomist and Co-Head of Macro & Quantitative Solutions, shares insight into the possibility of a recession, a path to a soft landing, signs of consumer stress, and other risks to be aware of in 2023. 

         

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Unlocking Opportunities in the Middle Market

Coming off record-setting years in 2020 and 2021, private markets have faced a starkly more challenging environment in 2022 across a range of metrics, including fundraising, deal activity, exit activity, and leverage levels. In this outlook, Apogem discusses potential risks, as well as attractive opportunities that could arise from this more challenging environment.

apogemcapital.com

Private Equity Deal Activity & Valuations

Louise Woltz Smith, Managing Director, Private Equity at Apogem Capital, discusses the impact of economic uncertainty, rising rates, and a sharply declining leveraged loan market on deal activity and valuations, and looks ahead to new risks and opportunities in the coming year.

         

New York Life Investments

Our multi-asset class team helps shed light on significant macroeconomic and geopolitical uncertainty heading into 2023. In this outlook, our team provides critical insight into the global trends affecting investor portfolios, including the impact of rising inflation.

Steady Through the Cycle: The New Recession Playbook

Jae Yoon, Chief Investment Officer, Chairman of NYL Investments Asia, and Laura Goodwin, Economist and Director of Portfolio Strategy at New York Life Investments, share 2023 marketplace insights, predictions, and opportunities.

 

         

Global Capabilities. Local Presence.

Our highly specialized investment managers.

New York, NY, Chicago, IL, Richmond, VA

A leader in private markets positioned to unlock value in the middle market. We combine industry knowledge, deep domain expertise, and seasoned experience in the middle market with a focus on creating long-term value.

 

apogemcapital.com

Australia

Boutique with expertise in active management with capabilities across Australian equities and global small cap, natural resources and listed infrastructure. 
 

ausbil.com.au

Belgium, France, London, Luxembourg

Multi-specialist asset manager focused on fixed income, equity, thematic investing, absolute return strategies, sustainable investments and asset allocation as well as tailored solutions and advanced liability-driven investing for pension funds and insurers.
 

candriam.com

New York, NY

IndexIQ is a pioneer and leading provider of exchange traded funds (ETFs), granting investors access to innovative solutions designed to deliver a smarter approach to traditional investing.
 

IndexIQ.com

London, UK

European provider of private capital solutions for small and mid-sized companies.

kartesia.com

New York, NY

Boutique offering a range of fixed-income strategies including investment-grade high yield, bank loans and municipals as well as fundamental and systematic equities.
 

mackayshields.com

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This material is for institutional investors only.

No representation is being made that any account, product, or strategy will or is likely to achieve profits. This material has been prepared for informational purposes only, and is not intended to provide, This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.

Investing involves risk, including possible loss of principal. Asset allocation and diversification may not protect against market risk, loss of principal, or volatility of returns. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors, and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. No representation is being made that any account, product, or strategy will or is likely to achieve profits. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. Clients should consult your tax or legal advisor regarding such matters. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.

New York Life Investment Management’s professionals across the firm from different divisions and entities regularly produce content related to markets around the world.  Given the difference in areas of focus, investment styles, the varied goals, time horizons, and risk appetites, individuals may have different views on similar topics.  The views expressed in materials created and disseminated by New York Life Investment Management’s professionals are marked to note their business of origin within New York Life Investment Management to minimize confusion.

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