If fixed-income products are becoming the unloved of wealth managers, they have never been so divided on the best investment opportunities. Inflation and its corollary, the rise in interest rates, are turning investment strategies upside down.
A few years ago, asking a wealth manager to optimize a financial investment was more or less easy. This depended, among other factors, on the client’s risk aversion, his investment period and the expected average return. This is no longer the case now. The current context is so delicate that these same managers find their elementary tasks complicated.
The health crisis is the trigger for this upheaval, since several people have lost interest in investment products, preferring to keep their money available, to deal with possible unforeseen events. To this context was added the Ukrainian-Russian war which, for its part, led to several upheavals, both in terms of prices and supplies.
The situation is such that Morocco is bearing the brunt of high inflation (7% in July), that interest rates are under pressure and that investment returns, as attractive as they may seem, actually come out negative if we deduct the result of inflation. To make matters worse, an acute lack of visibility reigns over this …
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