2019 Themes and Outlook

As we navigate through 2019, factors that drove 2018 volatility–like trade, politics, and global growth– in capital markets are far from behind us. We see a better environment in 2019 than in 2018, but we do not expect it to be a smooth ride, and investors should expect a similar type of volatility in 2019. This year will be crucial for investors to make asset allocation shifts that will best serve their long-term investment goals. We will continue to balance underlying fundamentals with valuations to find attractive long-term opportunities.