Carmignac's Note

By Frédéric Leroux

Diversification should be among the guiding principles for investors in 2023

Many countries in the developed world are experiencing a shortage of workers even though economic growth is expected to be low or even negative.

A convergence of structural and sociological factors means we’re entering a period of enduring inflation, similar to the 1970s.

Europe’s economy has outshone that of the United States in the past few weeks

As 2022 draws to a close and 2023 begins, we’d like to share with you our investment outlook for the coming year.

The days of cheap financing for the US are drawing to a close, and with them the Pax Americana that had reigned over the globe since 1945

In times of extreme and widespread downturns, recognising that it can be useful to be contrarian is essential.

The US Federal Reserve is starting to see the effects of its aggressive moves to counter inflation, which included swift hikes in the fed funds rate.